Bulls Charge Ahead on Positive Economic Indicators.

World markets are still basking in the glow of Friday's US employment reading, with only minor gains in crude oil prices on Saudi Arabia's output cut clouding the picture. The Federal Reserve moving into a blackout period ahead of a June 14 policy decision, futures markets only see just over a one-in-four chance of another rate hike this month. The combined picture was enough to lift the S&P500 and Nasdaq to their highest in almost 10 months on Friday. Meanwhile, US regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20% on average after a spate of midsize bank failures this year.