Austria Industrial Production (YoY) climbed from previous 0.6% to 0.7% in May

Equities: Tech and chips drive relief rally – Deutsche Bank

Deutsche Bank strategists say a strong semiconductor rally and lower oil prices helped lift global equities. The S&P 500 rebounded as investors rotated from defensive sectors into growth and cyclical stocks, while gains in Micron and SK Hynix reinforced confidence in the AI investment cycle.
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Euro: Narrow path for sustained strength against US Dollar – ING

ING’s Francesco Pesole writes that Middle East tensions have modestly re-tightened EUR/USD short-term swap rate differentials by around 10bp, though the spread remains wider than pre-war levels.
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