- Canada's wildfires have burnt an area 16 times larger than normal, with over 5.4 million hectares set alight.
- The fires started earlier than usual this year and were accelerated by the hottest and seventh-driest May since 1940.
- American air quality was the worst in a decade when smoke from the fires blanketed the east coast.
- Around 26,000 people were ordered to evacuate parts of Canada, but no deaths were reported.
- President Joe Biden has sent 600 firefighters from the United States to help.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec