Premarket: World shares climb on Fed cut bets, yen weakens

News Snapshot:

Global stocks ticked higher on renewed bets that the Federal Reserve would likely ease interest rates this year, while the yen weakened after a strong surge last week from Tokyo’s suspected currency intervention. With Britain and Japan on public holidays, markets in mainland China and Europe got off to an upbeat start, with Friday’s softer-than-anticipated U.S. jobs report underpinning sentiment by renewing market rate-cut bets. Europe’s broadest stock index rose 0.4 per cent while S&P 500 and Nasdaq futures added 0.2 per cent each in a positive sign for the Wall Street open later on. In early trading, Germany’s DAX...