Delta Air Lines (DAL.N) shares rose 4%, with shares at their highest intraday level since July.

US President Biden: Calling on companies to use record profits to lower prices.

After the release of the U.S. data, the yield gap between U.S. and German 10-year Treasury bonds hit 213.65 basis points, the largest since December 2019.

Foreign exchange market sentiment indicators continued to decline, recording their biggest intraday drop in two weeks.

Swiss leader talks with Ukrainian President Zelensky about peace conference.

Switzerland will host a high-level Ukraine peace summit on June 15-16, which it says aims to create a concrete roadmap for Russia’s involvement in the peace process.

Federal Reserve Board Governor Bowman did not comment on monetary policy.

The pan-European Stoxx 600 index extended losses to 0.5%.

World Trade Organization: Regional conflicts, geopolitical tensions and economic policy uncertainty may limit the extent of the rebound in global trade.

WTO Director-General Ngozi Okonjo-Iweala: Thanks to resilient supply chains and a solid multilateral trading framework, we are making progress in the recovery of global trade, which is essential for improving livelihoods and welfare. We must mitigate risks such as geopolitical conflict and trade fragmentation to maintain economic growth and stability.

World Trade Organization: The recovery in demand for tradable goods in 2024 is already evident, with the new export order index suggesting that trade conditions have improved at the beginning of this year.

World Trade Organization: Economists expect global trade in goods to gradually recover this year: Inflationary pressures are expected to ease this year, allowing real incomes to grow again and boost consumption of manufactured goods, especially in developed economies.

Market news: U.S. exporters sold 254,000 tons of soybeans to unknown buyers.