Fed Watch: Rising inflation and Kevin Warsh’s first FOMC spotlight investors as the US-Iran peace deal cools oil but doesn’t erase rate risk; markets still lean toward “hold” near term. UK Inflation & Rates: UK CPI stayed at 2.8% in May, with transport costs lifting while food eased, setting up a likely Bank Rate pause. Europe Equities: European stocks were muted as traders waited on US-Iran deal details and the Fed; BMW slid after cutting its outlook on China weakness and war impacts. Oil & Geopolitics: Oil fell sharply as Hormuz reopened and supply fears eased, shifting recession concerns but keeping volatility in focus. Robotaxis Push: Stellantis, Wayve and Uber teamed up to scale L4 robotaxis globally, betting on an ecosystem of vehicles, AI driving and ride platforms. Autonomous Defense Tech: Teledyne FLIR flew its Black Recon UAV publicly at Eurosatory, highlighting lighter ISR payload options and vehicle-integrated launch/recovery. Energy Transition: Offshore wind could expand to ~11% of the North Sea by 2050 under current commitments, with ~19,400 turbines in the scenario. Macro Growth Signals: Moldova’s GDP growth slowed to 0.4% y/y in Q1 amid weaker domestic demand and ongoing regional shocks; Vietnam remains resilient but faces higher energy costs and rising inflation. Trade & Industry: India hit a record May export month ($45.2bn) led by engineering, electronics and petroleum products. Market Microstructure: UK’s under-16 social media ban is expected to cut digital ad spend by over £1bn, pushing budgets toward streaming. Corporate Moves: International Graphite set up a JV in Italy to build a European graphite processing hub, aiming to reduce China dependence for critical minerals.