A financial trader at his desk at CMC Markets in the City of London, the UK. Picture: REUTERS/PETER NICHOLLSGlobal stock markets gained on Monday as investors pinned their hopes on stimulus that is expected from the world’s central banks to support slowing growth.
On Friday, US jobs growth slowed more than expected in August, while data at the weekend from China showed the country’s exports unexpectedly shrank as shipments to the US slowed. But the prospect of central-bank support kept risk sentiment alive and well. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2% and e-mini futures for the S&P 500 index up 0.15%.
The dollar was 0.02% higher against a basket of currencies. It traded at ¥106.940, off the one-month peak of ¥107.235 scaled late last week.
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