Global markets opened with subdued momentum on Monday as traders digested a crowded calendar of macroeconomic data and geopolitical developments.

The session is defined by the release of purchasing managers' indices (PMIs) across major economies, offering the first real-time gauge of economic activity for August.

These figures are critical for investors assessing the durability of growth amid persistent inflationary pressures and shifting monetary policy expectations.

In Latin America, attention is fixed on Brazil's Boletim Focus, the central bank's consensus survey of market expectations.

This is the final edition of the report before the Monetary Policy Committee (Copom) convenes on Wednesday to decide on the benchmark interest rate.

The survey will reveal whether market participants are pricing in a pause, a cut, or a hike, providing a clear signal of sentiment ahead of the official announcement.