(RTTNews) - European stocks are expected to start the week mostly up on Monday, following strong jobs data that strengthened expectations for a soft landing in the U.S. economy.

This week's U.S. economic releases could offer hints about the Federal Reserve's next policy meeting scheduled for November.

As earnings season begins, key data this week includes U.S. consumer and producer price inflation reports for the previous month along with minutes from the Fed's September meeting.

Artificial Intelligence events are planned this week for Nvidia, AMD, and Hewlett Packard Enterprise.

Asian markets rose, led by gains in South Korea, Hong Kong, and Japan.

The yen fell after Japan's top currency official cautioned against speculative foreign exchange activity.

The dollar stayed steady while the 10-year U.S. yield remained near its highest level in nearly two months as investors adjust their outlook on the size of the Federal Reserve's next rate cut.

Oil prices eased during Asian trading after rising nearly 9 percent last week. Gold stayed quiet despite growing tensions in Gaza and Lebanon.

U.S. stocks advanced on Friday as positive jobs data lifted economic optimism but reduced hopes for large rate cuts ahead.

Non-farm payrolls rose by 254,000 in September after an upwardly revised 159,000 gain in August. The unemployment rate slipped to 4.1 percent from 4.2 percent.

The Dow rose 0.8 percent to a new record high, the S&P 500 added 0.9 percent, and the Nasdaq Composite climbed 1.2 percent.

European stocks closed higher on Friday as stronger U.S. hiring eased downturn worries.

The STOXX 600 index gained 0.4 percent. Germany's DAX rose 0.6 percent, France's CAC 40 jumped 0.9 percent, and the U.K.'s FTSE 100 ended slightly lower.

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