Inflation Watch (UK): Bank of England chief economist Huw Pill urged policymakers not to get complacent as UK CPI stayed above target at 2.8% in May, arguing policy has not been restrictive enough. Equities Mood (Europe): J.P. Morgan lifted its 2026 year-end targets for the STOXX 600 to 680 and the MSCI Eurozone to 420, citing stronger earnings and a calmer geopolitical backdrop. Euro Adoption (Romania): The ECB said Romania has made only limited progress toward joining the euro, pointing to high inflation, fiscal gaps and remaining legal incompatibilities. State Aid (Romania): The European Commission approved measures for Romania’s investment and development bank BID, including a capital increase up to €1bn and an extended state guarantee. Banking Supervision (CRE): A new study found SSM on-site inspections improve banks’ commercial real estate coverage ratios for longer than targeted reviews, which fade faster. Fintech & Payments (Europe): bunq opened its first Italy branch and launched local Italian IBANs for customers. Crypto Regulation (EU): ESMA detailed big crypto fines as MiCA deadlines bite, while Binance’s EU exit plans continued to dominate headlines. Corporate Finance (Energy/Infrastructure): SBM Offshore signed US$465m project financing for FSO Chalchi, and Vantiva extended its credit facilities to 2030/2031 terms. Health/Pharma (EU): Zambon and Amneal won a positive CHMP opinion for Hopledo (modified-release levodopa/carbidopa) for Parkinson’s with motor fluctuations. Climate & Costs (Europe): Heatwave impacts kept mounting, with reports of excess deaths and pressure on energy systems, while Dublin Airport expansion faced criticism over housing and rent spillovers.