Ford (F) files to recall 420k US vehicles due to seatbelt fault, NHTSA reports

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Spanish S&P Global Services PMI (May) 50.1 vs. Exp. 48

EUROPEAN OPEN: ITX SM Q1 sales beat, May/June growth accelerates; BP/ LN held North Sea asset sale talks; CG wins EU approval for BAS GY coatings deal; BAYN GY has no plans to spin-off Monsanto; PRX NA gets extended DHER GY stake deadline

Ford (F) files to recall 420k US vehicles due to seatbelt fault, NHTSA reports

European Movers: Inditex (ITX SM) +5.1%, Howden Joinery (HWDN LN) +4.4%, Publicis (PUB FP) +1.2%, Rio Tinto (RIO LN) -0.8%, BASF (BAS GY) -1.0%, Renault (RNO FP) -1.0%

OECD projects global growth will slow to 2.8% in 2026, down from 3.4% in 2025; sees a recovery to 2.7% in 2027 assuming a short-lived conflict in the Middle East

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