Monday: Markets set to celebrate Modi win

India’s markets are expected to celebrate after exit polls saw Narendra Modi winning a third term. India’s GDP was also above forecasts. China’s factory activity contracted in May. Australia’s Fair Work Commission is set to slow minimum wage inflation.

In our bonus deep dive interview, ANZ Chief Economist for Southeast Asia and India Sanjay Mathur explains how extreme temperatures in India, the Philippines and Indonesia are upending rice markets again.

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