Most stock markets bounced on Monday on hopes of US interest rate cuts after weak jobs figures raised concerns about the world's top economy.

The broad gains followed a Wall Street sell-off on Friday in reaction to the jobs data and news that dozens of countries would be hit with US tariffs ranging from 10 to 41 percent.

Major US indices spent the entire day in positive territory, with the broad-based S&P 500 finishing up 1.5 percent.

"Traders and investors have made a lot of money by deciding that tariffs won't matter, and they're not going to change that now," said Steve Sosnick of Interactive Brokers.

"I think the bias that most of them have now is 'Let's not think about tariffs as being a problem until they actually prove that they are.'"

European indices mostly started the week o

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