'Higher inflation will really affect the BoC and the Federal Reserve': Small on potential rate cuts - BNN Bloomberg

Forthcoming CPI data may reignite inflation concerns, potentially leading to a short-term correction in the heated US stock market.

The CPI report for April is tomorrow. Here's a look further ahead.

Iran has executed 29-year-old aerospace engineer Erfan Shakourzadeh on Monday on espionage charges despite his protestations that authorities tortured him into giving a false confession.

Chinese car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion engine vehicle sales, as well.