European Stocks Set to Gain as China Shares Rally: Markets Wrap.

European stock futures are expected to rise following gains in Asian and US equities, driven by weaker-than-expected US payroll data that has increased bets on Federal Reserve interest-rate cuts. Chinese shares led the rally in Asia, while stocks in Hong Kong took a breather after a nine-day winning streak. The yen weakened against the dollar due to Japan's wide interest-rate spread with the US. European policy makers are likely to lower borrowing costs before their US counterparts, and central bank meetings and key economic data releases are expected this week. [Extracted from the article]