U.S. Treasury yields retreated, with the 30-year yield rising to a session high.

GameStop (GME.N) rose 8 percent as a new executive chairman increased his stake in the company.

Toyota Motor Corp ( TM.N ) opened up 5.3 percent after the company said it aimed to sell 1.5 million electric vehicles by 2026.

Oracle (ORCL.N) opened up 5.6 percent, with total fourth-quarter revenue rising 17 percent year-over-year to $13.8 billion.

Kathy Jones, Chief Fixed Income Strategist at Charles Schwab (SCHW.N): Important categories of the U.S. CPI services sector started to show more weakness in May, and the Fed must be very pleased with the numbers.

European Commission: New package of measures will contribute to a sustainable financial framework and facilitate transition financing.

Peter Garnry, head of equity strategy at Saxo Bank: After the inflation report, the market is still inclined to price in a rate hike by the Fed in July. I don’t think it’s possible for the FOMC to cut rates this year, and the only thing that could lead to a rate cut this year is that there’s some crisis, something unexpected happens to the economy.

European Commission: Clearer rules on preventing conflicts of interest will strengthen the integrity of ESG rating providers.

The European Commission has published proposals to regulate ESG ratings providers.

AMD (AMD.O) launches leading mobile and desktop processors.

[After the release of the CPI data: the probability that the Federal Reserve will keep interest rates unchanged at this week’s meeting rose to 95.3%] According to CME’s “Fed Watch”: after the release of the CPI data, the probability that the Fed’s June interest rate meeting will keep interest rates unchanged rose to 95.3%. The probability of raising interest rates by 25 basis points has dropped to 4.7%; the probability of maintaining interest rates at the current level by July is 33.9%, the probability of accumulative rate hikes of 25 basis points is 63.1%, and the probability of accumulative rate hikes of 50 basis points is 3.0%.

Institutions comment on US CPI data: The US service industry inflation data excluding housing in May is not encouraging. The data increased by 0.24% month-on-month in May, higher than the 0.11% in April.

U.S. gasoline prices fell 5.6% in May, the biggest monthly drop this year.

After the release of the US CPI data in May, oil prices continued to rise, with a short-term rise of nearly US$0.6. WTI crude oil is now at US$68.95/barrel, and Brent crude oil is now at US$73.69/barrel.

The European Stoxx 600 index extended gains.

Swaps markets are pricing in a lower probability of a Fed rate hike in June.