In May, the United Kingdom's manufacturing PMI returned to the expansion range, and factory prices reached their largest increase in a year.

According to a survey released on Monday, the United Kingdom's manufacturing industry resumed growth last month after a long period of slowdown, but rising prices by businesses may make the Bank of England cautious about cutting interest rates.

Zhitong Finance06:54 ET

Australia's 1Q GDP Print Expected to Show Weak Growth

Australia's Q1 GDP print, due out later this week, is expected to show weak growth of 1.2% on year and 0.2% on quarter, says Paul Bloxham, chief economist for Australia, NZ & global commodities at HSBC.

WSJ23:44 ET

Will the Reserve Bank of Australia continue to raise interest rates? The money market is betting that it may “act” again in August

The Bank of Australia is seen as the only major central bank that risks raising interest rates.

Zhitong Finance22:30 ET

Australia's Minimum Wage Increase Largely in Line With CPI -- Update

Australia's minimum wage will be raised by 3.75% from July 1, with the Fair Work Commission saying the decision is consistent with getting inflation back to target by the end of next year.

WSJ21:43 ET

Australia Raises Minimum Wage 3.75%, Aiding RBA Inflation Fight

Australia’s industrial relations umpire raised the national minimum wage by 3.75%, aiding the Reserve Bank’s efforts to return inflation to the 2-3% target by next year.

BNN Bloomberg21:16 ET

RBA's Hauser Says Inflation 'Predominant Challenge,' AFR Reports

Australian central bank Deputy Governor Andrew Hauser said the “first and predominant challenge” for policymakers is to bring down inflation, according to an interview with the Australian Financial Review.

BNN Bloomberg21:13 ET