U.S. stocks closed more than 1 percent higher Friday, more than recovering their post-Brexit losses, after a surprisingly large beat on the June jobs report headline figure.
The Dow Jones industrial average closed up 250.86 points, or 1.40 percent, at 18,146.74, with Caterpillar gaining 3 percent to lead all constituents higher.
European stocks were about 1.5 percent lower or more for the week despite Friday's gains. The German DAX was up more than 2 percent and the STOXX Europe 600 Banks index more than 3.5 percent higher.
Asian share markets enjoyed a relief rally on Monday as upbeat U.S. jobs data lessened immediate concerns about health of the world's largest economy, though long-run fallout from Brexit kept sovereign yields near record lows.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.75 percent, While Australia added1.3 percent.
Japan's Nikkei .N225 climbed 2.9 percent in the wake of a clear win by the government in upper house elections.
Prime Minister Shinzo Abe's ruling coalition won a landslide victory giving it the power to potentially revise the nation's post-war pacifist constitution for the first time.
The rebound came after news the U.S. economy added 287,000 jobs last month, well above median forecasts and recovering ground after a very weak May report.
In the end, investors concluded the data were not strong enough to revive the prospect of a rate hike from the Federal Reserve for the next few months, benefiting bonds and stocks.
Reference: Reuters, CNBC
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