Banks will be offered "reasonable compensation" for sharing customer data with fintech firms in an EU plan, according to a draft.

Shell (SHEL.N) CEO: No one knows when oil demand will peak.

Shell (SHEL.N) CEO: layoffs are not the focus of cost cutting.

Citigroup: The 0.44% month-on-month increase in core CPI released this week is a reminder that core inflation is approaching 5% and that the Fed may adopt tougher policy—either today or later—to cool prices. So, if the Fed surprises with a rate hike today, it would be reasonable as inflation remains elevated.

Market news: The US Senate will hold a hearing on the nominee for the Federal Reserve (Governor) on June 21.

U.S. Rep. Sherman: Cryptocurrency will have an adverse impact on the United States.

The Fed accepted a total of $2.109 trillion from 106 counterparties in fixed-rate reverse repurchase operations.

European Mediterranean Seismological Center: A 5.2-magnitude earthquake struck the Kermadec Islands area.

EU official: Chile and the EU will soon sign a memorandum of understanding to develop value-added lithium projects in Chile.

Faraday Future (FFIE.O) extended gains to 5%.

According to the British Financial Times: the European Union and Kenya reached a trade agreement aimed at promoting relations with Africa.

According to the British Financial Times: UBS (UBS.N) and Odey Asset Management Company cut off business relations.

Bank of England: will commission an external review of our economic forecasting process.

LME tin spreads hit the largest backwardation in 14 months.

Bernstein, White House economic adviser: The headwinds in the banking system are under control.

Bernstein, White House economic adviser: The outlook for consumer spending is good.

White House economic adviser Bernstein: Restarting student loan repayments will not drag down the economy.

General Electric (GE) and Hindustan Aeronautics will build the engines in India.

India and the US are close to a deal to jointly build jet engines.

Kenya cut petrol retail prices by 0.4% effective June 15.