China tells big banks to curb interbank loans to ease cash glut

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(IR) Iran-US MOU would extend ceasefire for 60 days - Axios (More at ) What's in the Iran deal Trump says he's ready to sign. A diplomat involved in the mediation walked me through the latest draft & said "the U.S. & Iran have agreed on the text of a deal" but noted it still needs final sign-off. My story on @axios

#ECB GOVERNING COUNCIL MEMBER NAGEL COMMENTS BY EMAIL - BBG *ECB'S NAGEL: INFLATION OUTLOOK HAS WORSENED *ECB'S NAGEL: SHOCK PROVING TO BE `STRONG AND PERSISTENT' *ECB READY TO HIKE RATES AGAIN IN JULY IF NECESSARY, NAGEL SAYS *ECB'S NAGEL: THIS WEEK'S HIKE NEEDED EVEN IF WAR…

*ECB'S DOLENC: SERVICES INFLATION IS STUBBORN, HARD TO FIGHT - BBG *ECB'S DOLENC: HAD ROBUST SET OF DATA ON TABLE TO TAKE DECISION *ECB'S DOLENC: WAR IMPACT TO LAST LONGER EVEN IF STRAIT OPENS *DOLENC: PRETTY OBVIOUS INFLATION WILL BE HIGHER, GROWTH LOWER *DOLENC: MARKETS ARE…

Iran Says 'Text Not Final' After Trump Claims Khamenei Approved Peace Deal pic.twitter.com/FFC9xNEIrm