Asian stocks eked out modest gains on Monday, amid a cautious market mood as inv...
Global equity markets received a lift after China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves, releasing liquidity to shore up a slowing economy dogged by the Sino-U.S. trade conflict.
Broader stock market gains were tempered in the wake of lackluster economic data - U.S. job growth slowed more than expected in August - although even this was seen as a positive factor for equities. Buoying market confidence on Monday were expectations the European Central Bank would cut interest rates on Thursday in one of the week’s key events.
The dollar was capped as U.S. yields came off two-week highs after Friday’s soft U.S. jobs report heightened expectations for a Fed rate cut.The euro was steady at $1.1022
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