US housing market slump enters fourth year, agents reach breaking point. The prolonged slowdown is pushing industry professionals to their limits.

Chicago PMI surges to 62.7 in May, far exceeding estimates. The MNI Chicago Business Barometer jumped from 49.2 to 62.7, beating the 50.3 consensus.

US MNI Chicago PMI for May came in at 62.7, well above the estimate of 50.3 and prior month's 49.2.

Rio Tinto begins $1.5 billion expansion of AP60 aluminum smelter in Quebec, with completion expected by end of 2026.

Rio Tinto has started a $1.5 billion expansion of its AP60 aluminum smelter in Quebec, with completion expected by end of 2026.

Russian diesel production dropped 10% in May after Ukrainian drone strikes hit refineries, Reuters calculations show. Russia considers import restrictions on diesel and jet fuel, Interfax reports.

Reuters reports that Russian refineries reduced diesel production by 10% in May due to Ukrainian drone strikes, following a similar drop in April. Russia is considering import restrictions on diesel and jet fuel according to Interfax.

EU's six biggest economies agree on plan to push forward capital markets union, aiming to spur action after years of delay.

The six largest EU economies have agreed on a joint plan to advance a bloc-wide capital markets union, aiming to overcome years of stagnation.