Stock markets rallied Monday, with fresh signs of economic recovery resonating with investors more than a surge in coronavirus infections worldwide.

Wall Street opened higher after the long holiday weekend on Monday, extending last week's rally that was fueled by positive economic signs despite the coronavirus pandemic.

Canadian Prime Minister Justin Trudeau said Friday he was reluctant to go to Washington next week for a summit marking the entry into force of the new North American trade agreement, in part due to concerns over possible US tariffs on Canadian aluminum.

The U.S. services sector grew in June after the coronavirus pandemic caused its steepest-ever contraction the month prior, the Institute for Supply Management said on Monday.

Asian markets rallied out of the blocks Monday, with further signs of economic recovery continuing to resonate with investors more than a surge in coronavirus infections across the planet.

India has opened up its vast railway sector to private companies, allowing firms to operate trains on certain routes, in a bid to boost its stuttering, virus-hit economy.

A Zimbabwean entrepreneur in Africa's top tobacco producer has launched the first local brand of hand-rolled cigars, defying coronavirus and economic odds to light up manufacturing. 

German Finance Minister Olaf Scholz said Sunday he wanted to overhaul the country's finance watchdog Bafin and give it more powers after a massive fraud scandal involving digital payments firm Wirecard.

Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak demand.

The trial opened in Turkey on Friday of seven suspects over the audacious escape of former Nissan chief Carlos Ghosn from Japan to Lebanon via Istanbul in December, local media reported.