Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
The United Kingdom’s manufacturing output arrived at 0.4 percent m/m in May versus 0.9 percent expectations and -1.3 percent (revised higher from -1.4 percent) booked in April, while total industrial output declined to -0.4 percent in the reported month, against a 1.0 percent contraction seen previously.
On an annualized basis, the UK manufacturing production figures came in at 1.1 percent in May, missing expectations of 1.9 percent. Total industrial output also increased by 0.8 percent in May, below expectations of a 1.9 percent reading and against the previous 1.6 percent (revised lower from 1.8 percent) print.
In a separate release, the country’s goods trade balance numbers were published, which arrived at -GBP12.36 billion in May, versus -GBP12.00 billion expectations and -GBP12.40 billion last. Total trade balance came in at -GBP2.79 billion in May versus -GBP3.087 billion previous.
Meanwhile, GBP/USD traded 0.08% lower at 1.3249 at the time of writing.
