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USA: The major stock market indexes gained strength in afternoon trading, but off the highs of the day. Stocks reclaimed some of the losses it gave back from the morning, in volatile trading following the stronger-than-anticipated jobs data

Asia: The key benchmark indices ended a rather listless trading session near the high’s of the day on the back of smart gains in metals and select financial shares.

India: The S&P BSE Sensex opened with a negative gap of 420 points at 60,485, weighed by weak global cues after the US Federal Reserve hiked interest rates by 75 bps.

Global Economy: U.S. job growth increased more than expected in October, but the pace is slowing and the unemployment rate rose to 3.7%, suggesting some loosening in labor market conditions, which would allow the Federal Reserve to shift towards smaller interest rates increases starting in December. The Canadian economy posted a blowout job gain in October, coming in 10 times higher than forecasts, and the jobless rate held steady, with the big beat upping market calls for another oversized interest rate hike. The economy added a net 108,300 jobs last month, easily beating forecasts for 10,000 new jobs, while the jobless rate was unchanged at 5.2%.

Commodities: Gold prices slipped on Monday to retreat from a three-week high scaled in the previous session, as the U.S. dollar regained some ground, making bullion more expensive for overseas buyers.

Oil prices fell more than $1 a barrel on Monday after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach, dashing hopes of an oil demand rebound at the world's top crude importer.

Currency: The dollar climbed on Monday as sentiment soured after China said it is sticking with its strict COVID restrictions, quashing hopes of an imminent reopening in the world's second-largest economy which had earlier fired a broad rally in riskier assets.

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