Canadian stocks are turning in a mixed performance on Monday with investors awaiting some crucial economic data from the U.S. and Europe for clues about the outlook for interest rates.

After swinging between gains and losses till around mid afternoon, Swiss stocks found some support on Monday to end the day's session modestly higher.

European stocks closed higher on Monday, with buying gathering momentum in late afternoon trades as investors awaited some crucial economic data from the U.S. and Europe later in the week.

The pound firmed against its major counterparts in the New York session on Monday, amid fading expectations of a rate cut from the Bank of England in June.

Canadian shares may open higher Monday morning as energy and materials stocks are likely to find support on firm commodity prices. However, with the U.S. markets closed today for Memorial Day, activity on Bay Street is likely to remain a bit lackluster.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: German business climate worse than expected; euro/pound under pressure

The Japanese yen slightly increased against the US dollar on Monday, with the USD/JPY pair holding near 156.73.

US Core PCE price index may boost USDJPY to surpass 156.00; Eurozone preliminary CPI attracts traders’ attention with EURUSD standing above 1.0800; Australia monthly CPI indicator may be a breath for AUDUSD

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Platinum and Palladium are ready to go up

US dollar stabilizes after profit-taking pullback - Investors agree with Fed’s ‘higher for longer’ view - Wall Street rebounds as AI remains main driver - Gold gains, but remains well off its record