Nasdaq Futures Gained 1.5%, S&P 500 Futures Rose 1.12%

US equity futures Gained on Monday, helping soothe a fragile mood amid inflation and rate-hike concerns.Futures on Nasdaq 100 jumped 1.5%. Contracts on the S&P 500 also rose, signaling a firmer open for US stocks after last week’s declines.

Stronger-than-forecast US hiring data for May suggested the Federal Reserve won’t waver from its tightening path to rein in price pressures. But Goldman Sachs Group Inc. economists said the Fed may be able to pull off its aggressive rate-hike plan without tipping the country into recession.

Brent crude oil held above $120 a barrel after Saudi Arabia signaled confidence in demand with a larger-than-expected price increase in Asia. Meanwhile, the US was said to be considering allowing more sanctioned Iranian oil onto global markets to counter the decline in Russian supplies.

The US jobs report quelled some concern that the world’s biggest economy is slowing too sharply, but also strengthened the view that the Fed will keep hiking rates to combat inflation. Cleveland Fed President Loretta Mester said she would back a half-point hike in September if inflation isn’t retreating. Market-derived odds for a third 50-basis-point increase in September are about 85%.