😁 President Trump signaled a possible two-week pause before deciding on a strike against Iran, easing market tensions as investors assessed the economic risks of escalating conflict.

🇪🇺 The EU will restrict Chinese medical device manufacturers from bidding on public contracts over €5 million to address market access imbalances, escalating trade tensions.

🇯🇵 Japan plans to cut 20-, 30-, and 40-year bond issuance by ¥300 billion per auction through March 2026, shifting toward shorter-term debt to ease market strain amid BOJ tapering and a 232.7% debt-to-GDP ratio.

🛢Citigroup says Brent crude could spike to $90 a barrel if the Strait of Hormuz is shut, disrupting up to 3 million barrels per day, though a prolonged closure is seen as unlikely.

🇬🇧 UK retail sales fell 2.7% in May—far worse than the expected 0.5% drop—marking the biggest decline since December 2023 and signaling a sharp slowdown in economic momentum for Q2.

#MarketNews