Canada's S&P Global Services PMI fell to 47.1 in June 2026 from 50.6 in May, signalling a contraction in the services sector and the steepest decline in activity since February. Business activity weakened as new orders fell for a second straight month, with firms citing high prices and geopolitical uncertainty as key factors weighing on domestic and foreign demand. Meanwhile, employment increased marginally as companies added staff to expand capacity, helping reduce backlogs of work at the fastest pace since January. On the price front, input cost inflation eased sharply from May's four-year high but remained elevated due to higher energy, fuel, and wage costs. Selling price inflation also moderated to a three-month low as weaker demand limited firms' pricing power. Business confidence deteriorated for a second consecutive month, falling to its lowest level since November 2025.

US stock indices were higher on Monday amid fresh support from the heavyweight chip sector. The S&P 500 added 0.4%, the Nasdaq 100 rose nearly 1%, and the Dow inched higher to over 53,000 for the first time on record. Memory chip producers were sharply higher ahead of Samsung sales updates and SK Hynix's ADR issuance on Friday. This extends the volatile momentum since last week as ambitious guidance upgrades weigh against concerns that AI sector is overbought, with Meta selling its spare compute capacity and new SpaceX bonds trading at high-yield levels shortly after its record-setting IPO. Micron and Sandisk rose over 2.5%. Meanwhile, Nvidia traded higher as its assembly partner Hon Hain Precision signaled AI demand is growing further. Broader sectors were steady after last-week's outperformance. Minutes from the meeting of a divided FOMC due Wednesday could unveil insights on how the committee balances inflation and job market risks.

Gross fixed investment in Mexico rose 5.9% year-on-year in April 2026, marking its first annual increase in 18 months after a 2.6% contraction in March and exceeding market expectations of a 3.8% gain. Construction investment climbed 10.1%, driven by an 18.5% surge in residential building and a more modest 2.0% increase in non-residential construction. Investment in machinery edged up 1.3%, supported by a 10.0% rise in imported machinery and equipment. In contrast, domestic capital formation in machinery declined 11.2%, reflecting a 12.9% decline in machinery and equipment and a 9.2% contraction in transport equipment. On a monthly basis, gross fixed investment jumped 4.0% in April, the strongest increase since November 2020, accelerating from a 0.4% gain in March.

Crude oil traded below $69 a barrel on Monday, hovering near its lowest levels since late February as maritime flows through the Strait of Hormuz steadily recovered and OPEC+ signaled an increase in global supplies. OPEC+ members approved a quota increase of 188,000 barrels per day for next month, continuing a progressive unwinding of long-standing production curbs as market conditions normalize. Major Persian Gulf producers are rapidly accelerating output, with Saudi exports approaching pre-war levels. Also, the United Arab Emirates, which exited OPEC during the recent regional conflict, has fully restored its shipping flows. Meanwhile, oil and gas tanker traffic through the Strait of Hormuz showed signs of normalizing, after several vessels made unexplained U-turns and detours along the critical energy route. Meanwhile, Saudi Arabia reduced the selling price of its main crude grade to Asia, lowering the August premium to a $1.50 per barrel discount to the Oman/Dubai benchmark.

UK new car sales surged by 11.4% year-on-year to 213,166 units in June 2026, the best performance for the month since 2019, according to the Society of Motor Manufacturers and Traders (SMMT). Growth was broad-based across all customer segments. Registrations by private buyers increased by 12.5%, fleet deliveries rose 10.5%, and the smaller business segment recorded the strongest gain at 17.1%. Fleet customers remained the dominant source of demand, representing 59.5% of all new car registrations. The ongoing shift toward electrification continued to support the market, underpinned by manufacturers' investment in a broader portfolio of low- and zero-emission models and the expansion of brands operating in the UK. Battery electric vehicles (BEVs) gained further momentum, increasing their market share to 30.0%, the highest so far this year, reflecting seasonal quarter-end volumes and stronger demand amid higher fuel prices. PHEVs took 12.5% of the market, while HEVs accounted for 14.0%.

Producer prices in the Euro Area increased 0.2% month-over-month in May 2026, following an upwardly revised 0.7% rise in April, in line with market expectations. Energy prices fell 1% in May, extending a 0.2% decrease in April as oil prices returned to pre-war levels. Excluding energy, producer prices increased 0.7%, easing from a 0.9% rise in the previous month. Among the main components, prices slowed for intermediate goods (1.4% vs 1.8%), and capital goods (0.2% vs 0.4%). Also, non-durable consumer costs decreased by 0.1%, and durable consumer goods inflation was steady at 0.3%, unchanged from April. Across the Eurozone's largest economies, producer prices moderated in Germany (0.2% vs 1.2%) and Spain (0.9% vs 2%), while prices declined in Italy (-0.5% vs 0.1%) and France (-0.3% vs -2%). On an annual basis, producer prices advanced 5.9% in May, the strongest increase since March 2023.