Canadian shares are likely to open on a mixed note Monday morning, with investors tracking earnings updates and commodity markets for direction. The mood is likely to remain cautious ahead of U.S. inflation data and Fed Chair Jerome Powell's speech, due later in the week.

Oncology company Merus N.V. (MRUS) announced Monday that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation (BTD) for petosemtamab for the treatment of patients with recurrent or metastatic head and neck squamous cell carcinoma (HNSCC) whose disease has progressed following treatment with platinum based chemotherapy and an anti-programmed cell death receptor-1 (PD-1) or anti-programmed death ligand 1 (PD-L1) antibody.

V2X, Inc. (VVX), a leading provider of global mission solutions, announced Monday that Jeremy Wensinger has been appointed President, Chief Executive Officer and a member of the company's Board of Directors, effective as of June 17, 2024. Wensinger is succeeding Chuck Prow.

Design-driven platform Squarespace, Inc. (SQSP) announced Monday that it has entered into a definitive agreement to go private by private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.

Indian shares ended modestly higher on Monday, after having fallen deep into the red earlier in the session due to uncertainty surrounding the general election results.

US CPI report may show the next direction of EURUSD; UK employment data may take GBPUSD down; Is Australia labour report strong enough to take AUDUSD out of trading range?

The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant pressure on the commodity.

Oil-dollar pair fell 1.8%, ROC negative. Aussie dollar sideways, MACD positive. Euro-dollar sideways, MACD positive. Dollar-yen sideways, Stochastic RSI positive. China's consumer prices up for third month. Seeker's shares soar 35% above IPO price. Today: US bill auctions, Finland's Current Account, Portugal's CPI, Eurozone's Eurogroup Meeting, Japan's PPI.

Dollar gains slightly on hawkish Fed remarks - Investors scale back their Fed rate cut bets - China’s CPI rises for the third straight month - US stocks stay supported despite rebound in yields

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market under pressure from Bitcoin