Global stocks rose on Monday following a weak U.S. jobs report, boosting the prospect of lower interest rates. The dollar edged up, and Europe’s STOXX 600 rose 0.5% in morning trading. Downward revisions in the payrolls report left three-month average job growth at 35,000. President Trump’s decision to fire the head of Labor Statistics added to concerns about U.S. economic data credibility.

Markets eased for the Fed, with two-year Treasury yields down almost 25 basis points on Friday. Wall Street futures rose 0.5-0.6%, suggesting a recovery after Friday’s selloff. The dollar, which fell 1.4% on Friday, rose broadly. Gold was little changed at $1,364 an ounce, while oil prices fell after OPEC+ agreed to increase output for September, completely reversing last year’s cuts.

Read more at Yahoo Finance: Stocks rise as investors cling to hopes for US rate cuts