Global Markets Await Crucial U.S. Data Amidst Political Uncertainty

Global stocks rose slightly ahead of significant U.S. economic data, essential for future interest rate expectations. In China, concerns over the economy arose with the yuan at a 16-month low. Political uncertainty was evident with reports of Canadian PM Justin Trudeau possibly resigning, influencing currency and stock markets.

Global stocks made modest gains on Monday, navigating a landscape overshadowed by looming U.S. economic data that could reshape interest rate forecasts. In China, investor concerns heightened as the yuan fell to a 16-month low, signaling economic challenges as Donald Trump's return to the U.S. presidency nears.

Meanwhile, political turbulence surfaced in Canada with speculation surrounding Prime Minister Justin Trudeau's potential resignation, affecting the Canadian dollar which slumped against its U.S. counterpart. Across Europe, equity markets exhibited mixed results, influenced by the broader global economic climate.

This week marks a critical juncture with investors keenly awaiting insights from the Federal Reserve and inflation data from the eurozone, both crucial in determining future monetary policy directions. As the market braces for potential volatility, investor sentiment underscores caution amidst current geopolitical and economic dynamics.

(With inputs from agencies.)