LONDON/SYDNEY—Shares gained ground on Monday, recovering their footing after a strong U.S. jobs report last week bolstered the case for more super-sized interest rate hikes, while the dollar weakened and government bond yields fell.
Markets quickly moved to price a chance of about 70 percent that the U.S. Federal Reserve would raise rates by 75 basis points in September, sending two-year yields up 20 basis points on Friday and further inverting the curve.
