Zinc inventories on the London Metal Exchange (LME) rose 18% to their highest level in almost a year.

ECB: It is crucial to keep a close eye on financial sector vulnerabilities.

ECB: Price stability is essential for durable financial stability.

ECB: Uncertainties about the economy, inflation and interest rates weigh on businesses.

【Central Bank of the United Arab Emirates releases virtual asset risk guidelines】The Central Bank of the United Arab Emirates has issued new guidelines for licensed financial institutions on anti-money laundering and combating the financing of terrorism (AML/CFT) to help understand the risks of virtual assets and virtual asset service providers. The new guidelines, which take into account the standards of the Financial Action Task Force, will come into force within a month and include banks, financial companies, exchanges, payment service providers, remittance services, insurance companies, agents, brokers. The guidelines discuss the risks that arise when engaging with virtual assets and virtual asset service providers, and provide a clear description of the business models of virtual assets, virtual asset service providers and virtual asset service providers.

Bank of Thailand: Monetary policy normalization may be adjusted if necessary, and policy decisions will depend on data.

Market news: Indonesia is still negotiating with Freeport on contract extension.

Bank of Thailand: Inflation may fall below 2% in May and June.

Kia Motors Korean workers staged a partial strike on May 31.

Russian oil company Rosneft: average daily hydrocarbon production in the first quarter was 5.6 million barrels per day.

European Central Bank Governing Council Villeroy: The opacity of the single-issuer credit default swap market should not lead to systemic risk.

European Central Bank Governing Council Villeroy: The priority task is to quickly implement the Basel banking rules on a global scale, rather than frequently revisiting these rules.

UK gilt yields across maturities were down around 6 basis points in early European trade.

ECB Governing Council Villeroy: High interest rates are good for European banks.

Bank of Thailand: The economy may grow faster than expected, and the financial system remains resilient.

Bank of Thailand: It is estimated that the number of foreign tourists will reach 29 million in 2023.

Bank of Thailand: It is estimated that the number of foreign tourists will reach 35.5 million in 2024.

Bank of Thailand: Gradual, measured rate normalization still appropriate; upside risks to inflation need to be monitored.