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European stocks fell as a drop in copper prices hurt shares of
mining companies. Asian stocks hit two-month highs after China's
reassurances over the weekend about its economic health calmed
investor nerves.
Copper and zinc prices fell from four-month highs, hurt by a
stronger dollar and investors booking profits from a rally.
U.S. stocks closed higher on Friday after employment data
suggested the economy was recovering, but was not strong enough
for an immediate increase in interest rates.
Investors will keep a close eye on comments by Fed Board
Governor Lael Brainard and Vice Chair Stanley Fischer, who are
scheduled to speak at separate events on Monday, for clues on
the central bank's view on the economy.
Shares of Micron Technology <MU.O> were down 2.2 percent at
$11.62 premarket after Nomura cut its rating on the stock to
"reduce".
Urban Outfitters <URBN.O> is due to report results after the
close.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Anil
D'Silva)
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