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Reaction: World Bank warns on growth

Squawk Box Live kept an eye on market reaction as the World Bank cut growth forecasts for East Asia.

East Asia, including China, is now expected to grow 6.5 percent this year and 6.4 percent in 2016, which was previously forecast at 6.8 percent for both years.

But Asian stocks were positive Monday morning, with European shares following close behind.

Markets were also shrugging off a weak U.S. jobs report released Friday, which seems to have dampened expectations of an imminent increase in interest rates.

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