TD Securities economists Oscar Munoz and Eli Nir expect May US CPI to show moderating but still-elevated core inflation, with core CPI seen rising 0.23% m/m and 2.8% y/y, while headline CPI is expected to climb to 4.2% y/y.

DBS Group Research notes that the Reserve Bank of India and government unveiled coordinated steps to attract foreign capital and support India’s external position.

According to Fars News, Iran's armed forces have announced an end to military operations against Israel. However, they have warned of harsher attacks if Israel resumes attacks on Lebanon. While there has been no confirmation from other media outlets.

The Canadian Dollar (CAD) trades lower against its major currency peers in the European trade on Monday amid caution surrounding the Bank of Canada’s monetary policy announcement on Wednesday.

Brown Brothers Harriman’s Elias Haddad (BBH) anticipates the European Central Bank (ECB) will end its pause with a 25 bps hike to 2.25% as core and services inflation run above forecasts.

In the European trading session, United States (US) President Donald Trump has expressed confidence that both Israel and Iran are looking for a ceasefire, through a post on Truth Social, while maintaining the stance that the US blockade on Iranian seaports will remain intact until a final deal with

United States (US) President Donald urges Iran and Israel to pause the exchange of attacks, through a post on Truth Social, during the European trading session on Monday.

ING’s Chris Turner expects the Bank of England (BoE) to avoid tightening this year, with only modest rate hikes priced by markets.

Commerzbank’s Charlie Lay highlights that the Reserve Bank of India kept its policy rate at 5.25% and signalled a preference to bolster the Rupee via capital inflow measures rather than tightening.

BNY’s Bob Savage notes that an European Central Bank (ECB) rate hike is widely expected, but guidance on future moves and growth risks will be crucial for EUR/USD.

EUR/CAD inches higher after registering over 0.5% losses in the previous day, trading around 1.6070 during the European hours on Monday. The currency cross gains some ground as the commodity-linked Canadian Dollar (CAD) struggles despite higher oil prices.

According to the Fars news agency, Iran’s Revolutionary Guards Corps (IRGC) has confirmed attacking a petrochemical site in northern Israeli city of Haifa, in retaliation for Israel’s attack on a similar plant in Iran, The Guardian reported.

The Indian Rupee (INR) is receiving a notable boost following the Reserve Bank of India's (RBI) monetary policy meeting on Friday, when policymakers unanimously decided to hold the benchmark repo rate steady at 5.25%.

Eurozone’s Sentix Investor Confidence data, a key indicator of Investor morale, improves to -13.4 in June from -16.4 in May.

Philip Wee at DBS Group Research highlights that Kevin Warsh’s first meeting as Fed Chair will be critical for perceptions of Federal Reserve independence. Warsh must reconcile President Trump’s push for rate cuts with a more data-dependent, hawkish FOMC.

Commerzbank’s Rainer Guntermann says a 25bp ECB hike on Thursday is almost certain and fully priced, marking the first increase since September 2023. He expects no back-to-back move in July, viewing that as premature, but looks for another hike in September.

OCBC reports that the Reserve Bank of India kept its policy rate at 5.25% but unveiled targeted capital flow measures, including concessional FX swaps and tax exemptions for foreign investors in government bonds.

According to an Iran's foreign ministry spokesperson, Esmail Baghaei, the United States (US) is responsible for the recent ceasefire breaches. “The actions of the Zionist entity within the region cannot be looked at in isolation from the United States, Baghaei said.

Danske Research Team describes Friday’s equity selloff as heavily concentrated in US semiconductor and large-cap tech names after a roughly 50% two‑month rally. The bank argues the move was not primarily driven by Iran headlines or US jobs data.

Iran-backed Houthis confirm that have launched attacks on Israel as group and 'bans' Israeli shipping in Red Sea. Meanwhile, the Israeli military has said that the new barrage of missiles is incoming from Iran, leading to fears of a resumption of an all-out war in the Middle East.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains for the second successive day and trading around 100.10 during the Asian hours on Monday.

Commerzbank strategists note that the Reserve Bank of India kept the repo rate at 5.25% and maintained a neutral stance while signalling rising inflation risks.

Germany's Factory Orders fell in April, suggesting that the country’s manufacturing sector activity lost momentum, according to the official data published by the Federal Statistics Office on Monday.

Germany Factory Orders n.s.a. (YoY) dipped from previous 6.3% to -3.8% in April

Germany Factory Orders n.s.a. (YoY) down to 1.6% in April from previous 6.3%

Germany Factory Orders s.a. (MoM) registered at -3.8%, below expectations (-1.2%) in April

Here is what you need to know on Monday, June 8:

The Indian Rupee (INR) starts the week on a negative note against the US Dollar (USD), with the USD/INR pair rising to near 95.30.

Asian stock markets face a massive sell-off at the start of the week due to multiple tailwinds.

During the Asian trade on Monday, the Israeli military stated a missile had been launched from Yemen towards Israeli territory, which has been intercepted by its aerial defense systems, The Guardian reported. Air raid sirens sound in Tel Aviv, following the attack from Yemen.