Wall Street Poised For Gains After Worst Week In 18 Months

After enduring its worst trading week in nearly a year and a half, Wall Street is set to rebound at the opening bell on Monday.

Futures for the S&P 500 and the Dow Jones Industrial Average rose 0.7% in premarket trading.

Futures for the S&P 500 and the Dow Jones Industrial Average rose 0.7% in premarket trading, as reported by Zimo Zhong and Matt Ott for the Associated Press (AP). In Europe, by midday, France’s CAC 40 rose 0.7%, while Germany’s DAX and Britain’s FTSE 100 each added 0.6%.

Japan's Nikkei 225 index hovered around its lowest level in nearly a month during morning trading, slipping 0.5% to close at 36,215.75.

Japan’s gross domestic product grew by an annualized 2.9% in the second quarter, according to revised data from the Cabinet Office released on Monday. This was below expectations.

Stocks in Chinese markets also posted losses after worse-than-expected inflation data disappointed investors. Hong Kong’s Hang Seng index declined 1.4% to 17,196.96, while the Shanghai Composite index dropped 1.1% to 2,736.49.

Australia’s S&P/ASX 200 fell 0.3% to 7,988.10, and South Korea’s Kospi slipped 0.3% to 2,535.93. In energy trading, benchmark U.S. crude rose 91 cents to $68.58 a barrel, while Brent crude, the international standard, gained 86 cents to $71.92 a barrel.