While Asian stocks mostly climbed and the MSCI world equity index experienced a slight uptick, European stock indexes declined on Monday despite a dip in euro zone bond yields. The STOXX 600 benchmark index for Europe saw a 0.2% decline. The U.S. debt ceiling deal, which aims to elevate the federal government's debt ceiling to $31.4 trillion, provided short-term relief to the markets with Wall Street futures holding a positive front. However, there is still concern about inflation and potential rate increases that could stir market dynamics once again. Investors and market-watchers are holding their breath as the potential consequences of the U.S. debt ceiling deal unfold.