The dollar took a breather on Monday after surging to a seven-month high, while emerging, commodity and bond markets were jittery after strong U.S. jobs data boosted bets for a December rate hike by the U.S. Federal Reserve.
European and Asian shares both started the week in a subdued mood as a fresh batch of soft Chinese trade data added to the uncertainty surrounding what is increasingly expected to be the Fed’s first hike in almost a decade.
By contrast, Tokyo’s Nikkei index leapt 2 percent as the yen fell sharply against the dollar, and hopes for more stimulus following weak data from Beijing saw Chinese stocks jump 1.5 percent, but they were exceptions.
Wall Street was expected to start 0.3 percent lower while a solid rebound in German exports failed to prevent traders in Europe cashing in some profits after bourses there hit 2-1/2 month highs last week.
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