Most stock markets bounced on Monday as the chances of US interest rate cuts following a big miss on US jobs creation offset concerns about the world's top economy.

The broad advances followed a sell-off on Wall Street in reaction to the non-farm payrolls data, which compounded news on Friday that dozens of countries would be hit with levies ranging from 10 to 41 percent.

With the date of implementation for the tariffs pushed back to Thursday, focus will be on talks this week between Washington and other capitals on paring down some of the tolls.

Traders were taken by surprise by figures showing the US economy created just 73,000 jobs in July -- against 104,000 forecast -- while unemployment rose to 4.2 percent from 4.1 percent. Job gains from June and May were also revised down by nearly 260,000.

The figures stoked concerns that Trump's tariffs are beginning to bite, with inflation also seen pushing back towards three percent.

The reading also saw the president fire the commissioner of labour statistics, accusing her of manipulating employment data for political........

© International Business Times