Overseas Trading: Global Stocks Gain on U.S. Jobs Report

Global stocks are mostly higher following Friday's strong U.S. nonfarm payrolls report

by Kirra Fedyszyn

Published on Aug 8, 2016 at 8:34 AM
Updated on Jun 24, 2020 at 10:16 AM

Stocks in Asia ended the day higher, reacting to Friday's stronger-than-expected nonfarm payrolls report out of the U.S. Rising crude oil prices also helped boost stocks in the region. Japan's Nikkei led the way, adding 2.4%, with exporters getting a lift as the yen lost strength against the dollar.

Hong Kong's Hang Seng finished the day up 1.6%, and China's Shanghai Composite added 0.9%, despite July trade data showing Chinese exports and imports posting larger-than-forecast year-over-year drops. Rounding out the region, the South Korean Kospi gained 0.7% for the day.

European markets are also mostly higher at midday, as traders continue to digest the U.S. jobs report, as well as last week's Bank of England (BoE) decision. Banks and miners are among the stocks seeing particularly large gains so far today. At last check, the German DAX has added 0.9% and France's CAC 40 is up 0.3%. London's FTSE 100 is bucking the bullish trend, however, off 0.2%.

overseas stocks august 8

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