Markets Start the Week With Some Good News
European stocks kick off the week with modest gains after a solid Asia session that fed off of Friday's rally on Wall Street which was fueled by strong jobs data but tepid wage growth.
The combination of data inside the June employment report, which was interpreted by markets as bullish for growth but not game-changing in terms of Federal Reserve rate hikes, added nearly 100 points to the Dow Jones Industrial Average Friday and spilled over into the Asia session.
Britain's FTSE 100 will likely add around 0.5% at the opening bell, according to financial bookmakers IG, with similar percentage gains anticipated for major indices around the region.
The region-wide MSCI Asia ex-Japan index was marked 0.46% by 06:30 London time while a softer yen helped lifted Japan's Nikkei 225 by around 0.7% into the close of trading.
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