ECB sources say rapid oil price retreat eases pressure on ECB to hike in July and September is seen as more likely, although a June inflation surprise could reignite talk of a July hike, adds rate hike is not off agenda even though it may be delayed

Japan's Ministry of Economy, Trade and Industry is to allocate JPY 387.3bln in support to new AI firms, according to Kyodo

Russia reported it shot down 419 Ukrainian drones overnight

ECB sources say rapid oil price retreat eases pressure on ECB to hike in July and September is seen as more likely, although a June inflation surprise could reignite talk of a July hike, adds rate hike is not off agenda even though it may be delayed

Japan sells JPY 2.15tln 2-year JGBs b/c 4.82 (prev. 3.70), average yield 1.407% (prev. 1.369%)

PRE-MARKET INDIAN STOCKS NEWS: Yes Bank (YES IS) board approved raising up to INR 75bln through equity securities and up to INR 85bln through debt securities