Canadian shares may open higher Monday morning as energy and materials stocks are likely to find support on firm commodity prices. However, with the U.S. markets closed today for Memorial Day, activity on Bay Street is likely to remain a bit lackluster.

German business confidence stagnated in May as the deterioration in the current assessment was offset by the improvement in expectations, survey results from the ifo Institute showed on Monday. The business climate index registered 89.3 in May, unchanged from April. The score was forecast to improve to 90.3 from April's initially estimated value of 89.4.

Indian shares ended a volatile session little changed on Monday as investors looked ahead to the exit poll and the general election results for direction.

European stocks were seeing marginal gains on Monday ahead of key inflation data from the United States and Europe, due later this week.

French stocks traded slightly higher on Monday ahead of key inflation data from the United States and Europe, due later this week.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: German business climate worse than expected; euro/pound under pressure

The Japanese yen slightly increased against the US dollar on Monday, with the USD/JPY pair holding near 156.73.

US Core PCE price index may boost USDJPY to surpass 156.00; Eurozone preliminary CPI attracts traders’ attention with EURUSD standing above 1.0800; Australia monthly CPI indicator may be a breath for AUDUSD

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Platinum and Palladium are ready to go up

US dollar stabilizes after profit-taking pullback - Investors agree with Fed’s ‘higher for longer’ view - Wall Street rebounds as AI remains main driver - Gold gains, but remains well off its record