Australia

Australian shares are set to open higher, after US stocks recovered from Thursday's tech selloff.

ASX futures were up 0.44% or 36 points as of 8:00am on Monday, suggesting a higher open.

US stocks rose as gains by Amazon and Intel helped broad indexes recovered from Thursday's tech selloff. Markets discounted a big miss in October payrolls growth as the data were distorted by a pair or hurricanes and the labor strike at Boeing. The report did help solidify expectations for rate cuts next week and in December.

DJIA gained 288 points, or 0.7%, to 42,051, the S&P 500 rose 0.4% to 5,728 and the Nasdaq added 0.8% to 18,239. For the week the DJIA fell 0.2%, the S&P 500 lost 1.4% and Nasdaq dropped 1.5%. Attention now turns to next week's election and Fed meeting.

In commodity markets, Brent crude oil was up 0.4% to US$73.10 a barrel, while gold was down 0.3% to US$2,736.53.

The Australian dollar was at 65.58 US cents.

Asia

Chinese shares closed lower. The benchmark Shanghai Composite Index lost 0.2% to 3,272.01, and the Shenzhen Composite Index fell 2.3% to 1,945.84.

Hong Kong shares ended higher. The benchmark Hang Seng Index rose 0.9% to 20,506.43.

Japanese shares closed lower. The Nikkei Stock Average dropped 2.6% to 38,053.67.

India shares ended lower. The BSE SENSEX slipped 0.4% to 79,692.62.

Europe

Stocks in the U.K. finished higher. The FTSE 100 Index added 0.8% to 8,177.15.

In Europe, shares closed higher. Germany's DAX gained 0.9% to 19,254.97, and France's CAC 40 increased 0.8% to 7,409.11.

North America

U.S. stocks ended higher. The DJIA rose 0.7% to 42,052.19, the S&P 500 added 0.4% to 5,728.80, and the Nasdaq gained 0.8% to 18,239.92.

Among S&P 500 companies, the top three gainers were Waters Corp, surging 19.84%, Charter Communications Inc jumped 11.87%, and Lululemon Athletica Inc lifted 7.81%.

The biggest decliners were Super Micro Computer Inc which dropped 10.56%, The AES Corp fell 9.88%, and Amcor PLC lost 7.82%.