South Korean exports increased at a healthy pace in the first 20 days of June. The Brazilian Central Bank hiked policy rates by 75bps to 4.25% and opened the door for an even faster pace of hikes in order to anchor inflation expectations. Chinese economic data was softer than expected. Russia agreed a 5-year extension of the Strategic Arms Reduction Treaty with the United States (US) in a cordial meeting between both presidents of the two countries. Indian inflation surprised to the upside. Turkey kept its policy rate unchanged at 19%. Colombia unveiled a long-term fiscal framework. Ratings agency Standard & Poor’s (S&P) kept Mexico’s sovereign rating unchanged at ‘BBB’ (negative outlook). Inflation declined faster than expected in Argentina. Indonesia’s trade surplus improved further. Costa Rica’s Congress approved a controversial public employment bill.