ECB's Buch (supervisory) says reforms are needed to reduce undue complexities in regulation and supervision, removing frictions that could impede growth

US has informed Iran that changing the status quo around the Strait of Hormuz would be a violation of the current understanding and would be unacceptable, according to Al Arabiya sources

Asahi (3407 JT) to build a factory in Taiwan for semiconductor packaging substrate materials, Nikkei reports

ECB's Buch (supervisory) says reforms are needed to reduce undue complexities in regulation and supervision, removing frictions that could impede growth

Germany's VDMA reports May industrial orders -1% Y/Y, driven by weak domestic demand and a general decline across the EZ

Italian Unemployment Rate (May) 5.0% vs. Exp. 5.1% (Prev. 5.1%)