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Turkish Central Bank data shows that as of June 12, the total foreign exchange reserves of the Turkish Central Bank amounted to $53.12 billion, compared to $54.25 billion a week earlier.

(1) The Bank of Spain stated on Thursday that second-quarter economic growth is likely to be between 0.5% and 0.6% quarter-on-quarter, close to the 0.6% growth in the first quarter, continuing to outperform other major Eurozone economies. The central bank maintained its baseline forecast for full-year growth in 2026 at 2.3% (slower than the 2.8% rate in 2025), and kept its forecast for 2027 at 1.7%. (2) As one of the most visited countries in the world, Spain benefits from a booming tourism industry, domestic consumption, and immigration inflows, resulting in continued better economic performance compared to other European countries. The European Central Bank expects Eurozone GDP growth in 2026 and 2027 to be 0.8% and 1.2%, respectively. (3) However, the Bank of Spain pointed out that slower domestic demand growth is one of the reasons for the economic slowdown so far this year, while the positive contribution of external demand to GDP comes from a sharper decline in imports compared to exports. Due to rising energy prices caused by conflicts in the Middle East, the central bank raised its 2026 inflation forecast from 3% to 3.6%, and its 2027 forecast from 2.5% to 2.6%, while noting that if the conflict persists, the macroeconomic outlook will continue to face significant risks. (4) The central bank raised its 2026 budget deficit forecast from 2.3% to 2.4%, still lower than 2.5% in 2025, and expects next year's deficit rate to be 2.3%. The debt-to-GDP ratio is expected to be 98.9% by the end of this year, falling to 97.9% by the end of 2027. The above forecasts are valid as of May 27, before the preliminary US-Iran peace agreement was reached.

Based on today's price trends of wholesale market pork carcass strips in consumer cities like Beijing and Shanghai, the opening price of pork carcass strips in Beijing and Shanghai wholesale markets shows fluctuations. Most markets in Beijing have maintained stable opening prices, with average market transaction speeds. In Shanghai, prices are showing a downward trend, with some market transaction prices ranging from 12.87 to 13.58 yuan/kg. The supply volume has increased, overall market trading is average, and the average transaction price is generally below expectations.