Biden meets lawmakers on Tuesday on debt ceiling
A host of Fed officials due to speak this week
Thai baht rallies after opposition39;s election win

SYDNEY, May 15 Reuters World stocks rose on Monday on cautious optimism ahead of this week39;s deliberations over the U.S. 31.4 trillion debt ceiling, a raft of economic data due and a bevy of central bankers lined up to hint about whether further rate hikes await.

European markets opened higher, with panregion Stoxx up 0.2 as of 0854 GMT. Both SP 500 futures and Nasdaq futures rose 0.4 and 0.3 respectively.

In emerging markets, the Turkish lira touched a twomonth low after weekend elections looked headed for a runoff, while the Thai baht rallied almost 1 after Thailand39;s opposition routed militaryallied parties also in weekend polls.

The lira was at 19.65 to the dollar at 0851 GMT, after reaching 19.70 in earlier trading, its weakest since a record low of 19.80 hit in March this year following earthquakes that killed at least 56,000.

It was on track for its worst trading session since early November . On the Istanbul bourse, a 6.38 drop triggered a marketwide circuit breaker.

On Monday, MSCI39;s broadest index of AsiaPacific shares outside Japan reversed earlier losses to rise 0.7, driven by a late rebound in Chinese and Hong Kong shares.

China39;s central bank on Monday held rates on mediumterm policy loans steady, although expectations are building that monetary policy easing may be inevitable in coming months…