U.S. stocks advanced on Friday as a weaker-than-expected payrolls report tamped down expectations for a September rate hike from the U.S. Federal Reserve, although hawkish comments from another Fed official kept expectations for one this year intact.
The Dow Jones industrial average .DJI rose 72.66 points, or 0.39 percent
European shares closed higher on Friday after official U.S. jobs data for August fell short of expectations, a factor that could influence when the U.S. Federal Reserve next hikes interest rates.
The pan-European STOXX 600 index closed 2.1 percent higher on the day and 2.0 percent higher on the week.
Asian shares rose on Monday, getting a tailwind from gains on Wall Street after a weaker-than-expected U.S. jobs report prompted markets to trim expectations that the Federal Reserve would hike interest rates as early as this month.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.5 percent higher in early trade. Japan's Nikkei stock index .N225 surged 1 percent to three-month highs.
Reference: Reuters
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