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Israel Warns Beirut Residents; Iran Threatens Strait of Hormuz
Israel has warned residents of southern Beirut to evacuate, threatening stronger strikes if Hezbollah attacks continue. Meanwhile, Iran is prepared to fully block the Strait of Hormuz and activate operations in the Bab el-Mandeb to pressure Israel, according to Tasnim.
US Strikes Iranian Military Sites; Iran Hits US Airbase in Kuwait
CENTCOM reports self-defense strikes on Iranian radar and drone command posts in Iran and on Qeshm Island. Iran retaliated by hitting a US airbase in Kuwait, according to CBS News. The ceasefire remains in effect per CENTCOM.
Global Manufacturing PMIs and Key Events for June 1
A packed day of global manufacturing PMI releases, Swiss GDP, Eurozone unemployment, and corporate events including CME's BTC volatility futures launch and Binance product announcement.
ECB's Simkus Backs June Rate Hike; Pereira Urges No Delay
ECB policymaker Simkus reiterated support for a rate hike in June, while colleague Pereira called for swift action amid rising consumer price pressures.
China's Central Bank to Create National Clearing House for Digital Yuan
The People's Bank of China plans to establish a national clearing house for e-CNY transactions, modeled on UnionPay, to accelerate international adoption of the digital yuan.
Iran's Rezaei Accuses US President of Third Diplomatic Betrayal
Mohsen Rezaei, former IRGC commander and current military advisor to Iran's Supreme Leader, stated that the US president is betraying diplomacy for the third time by maintaining a naval blockade and making excessive demands in negotiations.
Fed's Schmid Warns Inflation Still High, Warns Against Ignoring Energy Shock
Federal Reserve's Schmid cautions that U.S. inflation remains elevated and that dismissing the current energy shock as temporary is too risky for the central bank.