According to Fars News, the US and Iran are in the final stages of an agreement, though a final decision hasn’t been made.

Colombia National Jobless Rate meets forecasts (8.8%) in April

In a post published on Truth Social on Friday, United States (US) President Donald Trump said that the naval blockade will be lifted and ships caught in the Strait of Hormuz may start the process of "heading home."

Federal Reserve (Fed) Governor Michelle Bowman said progress on lowering inflation has stalled while discussing the economic outlook and monetary policy in a speech at a conference in Iceland on Friday. Bowman claimed that the longer the Iran war continues, the greater the risks to inflation become.

United States Chicago PMI above forecasts (50.5) in May: Actual (62.7)

Anna Paulson, President of the Federal Reserve (Fed) Bank of Philadelphia, said inflation is a drag on the United States (US) economy while discussing the economic outlook and regional trends at an event hosted by the Chamber of Commerce of Southern New Jersey on Friday.

In a post published on X on Friday, Iran's top negotiator Mohammad Baqer Qalibaf said they have no trust in guarantees or words, and added "only actions are the measures, no action will be taken before the other side acts."

Canada's Gross Domestic Product (GDP) was unchanged on a quarterly basis in the first quarter of 2026 following the 0.2% contraction recorded in the last quarter of 2025, Statistics Canada reported on Friday.

United States Wholesale Inventories below expectations (0.6%) in April: Actual (0.5%)

United States Goods Trade Balance up to $-82.4B in April from previous $-88.7B

Canada Gross Domestic Product (MoM) registered at -0.1%, below expectations (0%) in March

Canada Gross Domestic Product Annualized came in at -0.1%, below expectations (1.5%) in 1Q

Canada Gross Domestic Product (QoQ): 0% (1Q) vs -0.2%

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), softened to 2.6% in May's flash estimate from 2.9% in April. This print came in below the market expectation of 2.8%. On a monthly basis, the CPI declined 0.2% following the 0.6% increase recorded in April.

South Africa Trade Balance (in Rands) down to 15.16B in April from previous 31.87B

Brazil Gross Domestic Product (QoQ) above expectations (1%) in 1Q: Actual (1.1%)

Brazil Gross Domestic Product (YoY) meets forecasts (1.8%) in 1Q

India M3 Money Supply unchanged at 12% in May 11

India Bank Loan Growth up to 16.2% in May 4 from previous 16%

Kansas City Federal Reserve (Fed) Bank President Jeffrey Schmid said during the European trading session on Friday that elevated energy prices are diminishing households’ purchasing power.

Philip Wee of DBS Group Research highlights that US Treasury yields have eased as PCE inflation moderates, but headline inflation remains elevated, keeping real Fed Funds Rates in focus.

Italy Gross Domestic Product (YoY) came in at 0.8%, above forecasts (0.7%) in 1Q

Italy Gross Domestic Product (QoQ) came in at 0.3%, above forecasts (0.2%) in 1Q

Portugal Gross Domestic Product (QoQ) meets forecasts (0%) in 1Q

Portugal Gross Domestic Product (YoY) meets forecasts (2.3%) in 1Q

Bank of England (BoE) Governor Andrew Bailey Said during the European trading session on Friday that the central bank should monitor the situation in the Middle East and how it has been affecting the United Kingdom (UK) economy and inflation very closely and adjust policy as required.

Italy Consumer Price Index (YoY) meets forecasts (3.2%) in May

Italy Consumer Price Index (EU Norm) (MoM) above forecasts (0.3%) in May: Actual (0.4%)

Italy Consumer Price Index (MoM) above forecasts (0.1%) in May: Actual (0.4%)

Italy Consumer Price Index (EU Norm) (YoY) came in at 3.3%, above expectations (3.2%) in May