Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear trajectory for the country's growth, even as analysts have been consistently revising their forecasts upward for the year.
Saudi Arabia's stock market rose in early trade on Tuesday hitting its highest in nearly nine months on bets for an imminent end to U.S. interest rate hikes, while the Qatari bourse eased.
Canada's annual inflation rate dropped more than expected to a 27-month low of 2.8% in June led by lower energy prices, data showed on Tuesday, though food and shelter cost increases persisted despite 10 interest rate hikes in less than 18 months.