Australia Consumer Inflation Expectations declined to 5.5% in June from previous 5.6%

The Iranian military announced in a statement that it had launched a drone operation against the US Navy’s Fifth Fleet based in Bahrain, in response to the violation of the ceasefire and US military attacks on areas in southern Iran, Reuters reported on Thursday. 

West Texas Intermediate (WTI) oil price extends gains for the second successive day, trading around $90.70 per barrel during the Asian hours on Thursday.

"Ending soon" did not survive the day.

Japan BSI Large Manufacturing Conditions Index (QoQ) below forecasts (4.2) in 2Q: Actual (-1.8)

Japan Foreign Investment in Japan Stocks: ¥-701B (June 5) vs previous ¥-491.2B

United Kingdom RICS Housing Price Balance registered at -34%, below expectations (-31%) in May

United States (US) President Donald Trump said on Tuesday that a secret US military operation helped secure commercial shipping through the Strait of Hormuz, allowing more than 100 million barrels of Oil to reach global markets amid ongoing tensions involving Iran.

United States Monthly Budget Statement came in at $-293B, below expectations ($-275B) in May

US President Donald Trump said that the US “will be attacking Iran very hard,” as he pressures Tehran to sign the deal, adding that “they’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price.”

United States 10-Year Note Auction up to 4.538% from previous 4.468%

The Bank of Canada left its policy rate unchanged at 2.25% on Wednesday, as widely expected, delivering a neutral-to-mildly dovish hold.

Nordea’s Jan Størup Nielsen notes that Danish consumer prices rose 1.9% year-over-year in May, with core inflation at 2.1%, its highest level since the start of 2024. Monthly inflation was driven by higher hotel and travel prices, while food and non-alcoholic beverages fell.

ING’s Frantisek Taborsky notes Czech inflation has surprised on the downside, but strong wage growth and stable core inflation keep the Czech National Bank on track for a rate hike at its June meeting.

Canada BoC Interest Rate Decision meets expectations (2.25%)

Scotiabank’s Shaun Osborne and Eric Theoret note GBP/USD is slightly higher, British Pound (GBP) outperforming most G10 peers except the Canadian Dollar (CAD) and Norwegian Krone (NOK), as traders await UK trade and industrial production data before the June 18 BoE meeting.

Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Norwegian Krone is outperforming as underlying inflation overshot expectations in May, bringing forward rate hike bets from November to September.

United States Consumer Price Index Core s.a rose from previous 335.423 to 336.1213 in May

United States Consumer Price Index n.s.a (MoM) above expectations (335.11) in May: Actual (335.12)

United States Consumer Price Index ex Food & Energy (YoY) meets expectations (2.9%) in May

United States Consumer Price Index ex Food & Energy (MoM) below forecasts (0.3%) in May: Actual (0.2%)

United States Consumer Price Index (YoY) meets forecasts (4.2%) in May

United States Consumer Price Index (MoM) in line with expectations (0.5%) in May

ING strategists Warren Patterson and Ewa Manthey highlight that Chinese unwrought Aluminium and product exports rose strongly in May to the highest level since November 2024, helped by overseas demand after Middle East disruptions.

Commerzbank’s Volkmar Baur notes that stronger-than-expected South African GDP growth masks weak underlying domestic demand, with consumption and private investment soft while government spending dominates.

India M3 Money Supply remains unchanged at 12% in May 25

TD Securities’ Robert Both updates Canada’s macro outlook as higher Oil prices push WTI above $95 through Q4, lifting headline CPI to an average 2.9% over Q2/Q3.

United States (US) President Donald Trump warned of escalating military operations against Iran, citing that Tehran has taken significant time in negotiating a peace deal.

United States MBA Mortgage Applications rose from previous -2.5% to 10.8% in June 5

Bank of Japan (BoJ) Governor Kazuo Ueda has been hospitalized, according to a statement released by the central bank.