Overseas Trading: Global Stocks Mixed Ahead of Jobs Friday

Global stocks are mixed ahead of Friday's U.S. nonfarm payrolls report

by Kirra Fedyszyn

Published on Mar 3, 2016 at 8:42 AM

Stocks in Asia finished the day mostly higher, despite an overnight retreat in oil prices. Japan's Nikkei added 1.3% as weakness in the yen boosted exporters, while China's Shanghai Composite gained 0.4%, despite data indicating growth in the service sector softened last month. South Korea's Kospi climbed 0.6% after a larger-than-expected gain in annual inflation. However, Hong Kong's Hang Seng bucked the trend, dropping 0.3%.

Meanwhile, European stocks are mostly in the red at midday, as traders exercise caution ahead of Friday's U.S. jobs report. London's FTSE 100 was last seen just below breakeven, after Markit's purchasing managers index (PMI) for the U.K. hit a near three-year low, while France's CAC 40 is off 0.4%, and the German DAX has shed 0.3%.

160303OS


Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.


A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.
Wall Street Roars Higher Amid Civil Unrest
Investors weighed a mixed bag of jobs data
AstraZeneca Stock Flat Despite COVID-19 Vaccine News
AstraZeneca saw a rise in capacity for its COVID-19 vaccine candidate
The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.