Canada wholesale sales rose 0.6% MoM in April, stronger than the 0.1% consensus; prior month 1.9%.

Russian Foreign Minister Lavrov said he expects a US-Iran peace memorandum and hopes it will be signed this week.

Capital Economics analyst Shilan Shah says mounting inf pressures mean the RESERVE BANK OF INDIA may soon begin raising policy rates. May CPI rose 3.9% YoY — below the RBI’s 4% target but the highest reading since Feb 2025 — led by a surge in fuel inf after gasoline prices were raised for a fourth consecutive month; Shah warns more price increases are possible in coming weeks. Broader supply‑chain disruptions will push up core inf. Capital Economics forecasts a 75bp tightening in 2026, taking the policy rate to 6.00%.