Global markets are set to open higher on Monday after the G20 Finance Ministers pledged to “continue to provide support for the economy until the recovery is assured”. Friday’s Non-Farm Payroll report placed US unemployment at 10.2 percent for the first time since the early 80s, reinforcing the point that the world’s largest economy is still struggling to find its feet.
“Asset markets have taken comfort from the continued coordinated pro-growth plans of the G-20, with equity markets remaining supported,” said Hans Redeker, an analyst at BNP Paribas.
Associated Press