IDF: Iran launches ballistic missiles towards Israel.

Federal Reserve Board Governor Waller: Tariffs will not be fully passed on, and a 10% tariff on all imported goods will have limited impact on overall inflation.

Federal Reserve Board Governor Waller: Workers currently do not have the ability to demand higher wages due to tariffs, so there is no need to worry about the impact of a second round of inflation.

After the speech by Federal Reserve Board Governor Waller, the yield on the two-year U.S. Treasury note gave up its earlier gains.

The U.S. Philadelphia Fed Manufacturing Price Index was 29.5 in June, compared with 43.6 in the previous month.

The U.S. Philadelphia Fed Manufacturing Shipping Index was 8.3 in June, compared with -13 in the previous month.

The Philadelphia Fed’s manufacturing new orders index in June was 2.3, compared with 7.5 in the previous month.

The foreign ministers of Germany, France and Britain have reportedly begun meetings with their EU counterparts, and they will then meet with their Iranian counterpart for about an hour.

June 20, analysts pointed out that a series of headlines about the progress of nuclear negotiations between Iran and the United States, some of which were contradictory, caused oil prices to slide, then rise, and then widen the decline again. The latest news said that a senior Iranian official told Reuters that Iran was "ready" to discuss limiting its uranium enrichment, but then quickly said that Iran "will undoubtedly reject the proposal of zero uranium enrichment," "especially now, under the attack of Israel." The official said that "the role of European powers is now more prominent because Tehran is reluctant to engage with the United States during the Israeli attack." After providing a glimmer of hope for negotiations, the clarification that nothing had actually changed caused oil prices to fall further on Friday. Earlier today, oil prices were expected to record a third week of gains after the White House postponed a decision on whether the United States would participate in the Israel-Iran conflict.

Ukrainian President Volodymyr Zelensky has reportedly imposed sanctions on companies involved in the production of Russian drones.

After a short-term plunge, both U.S. and Brent crude oil prices partially rebounded and are now trading at $72.9 per barrel and $74.95 per barrel, respectively.

German Foreign Minister: If Iran is willing to abandon its nuclear enrichment activities, Germany is willing to negotiate further with Iran.

Senior Iranian official: Role of European powers more prominent now as Tehran reluctant to engage with US during Israeli attack.

Senior Iranian official: We need to listen to the "initiative" of the three European countries on the nuclear issue.

French President Emmanuel Macron: Europe must invest more in space.

Market News: British Foreign Secretary arrives in Geneva.

French President Macron: Europe must speed up the deployment of low-Earth orbit satellites.

French President Emmanuel Macron: Europe has overcome the problem of restoring access to space through launchers, and the relevant steps should be accelerated at this stage. It is hoped that a new European satellite manufacturing leader will be established as soon as possible.

On June 20, the State Financial Supervision and Administration Bureau issued the "Commercial Bank Market Risk Management Measures". The measures mentioned that commercial banks should implement limit management for market risks, formulate a management system covering various types and levels of limits including temporary quota adjustments, clarify internal approval procedures and processes, set, regularly review and update limits based on the nature, scale, complexity and risk tolerance of the business, and ensure the logical consistency of different market risk limits.