Wall Street was closed overnight for the Martin Luther King Jr holiday, and will resume trading tomorrow.

European markets climbed, with the Stoxx 50, FTSE, and CAC indexes all climbing by 0.5%-1%.

China’s central bank meanwhile has made a move to jumpstart the Chinese economy, lowering the interest rates on its medium term notes by 10 basis points. The move followed its weakest GDP growth in 18 months.

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