Global stocks are mostly higher, despite uncertainty over the U.S. nonfarm payrolls report
Asian markets largely edged higher, even as traders played it safe ahead of the
U.S. nonfarm payrolls report -- which could offer clues as to when the Fed will hike interest rates. An overnight rise in crude oil prices fueled the gains, which came ahead of this weekend's G-20 summit in China.
On the mainland, the Shanghai Composite tacked on 0.1%, while neighboring Hong Kong's Hang Seng popped 0.5% for its highest close in roughly a year. South Korea's Kospi added 0.3% on an upwardly revised second-quarter gross domestic product (GDP) reading, while Japan's Nikkei failed to capitalize on a retreating yen, settling more or less flat.
In Europe, stocks are rallying ahead of the U.S. jobs report. London's FTSE 100 leads the way, up 1.1% despite a rough session for homebuilder stocks. Rounding things out, the German DAX and French CAC 40 have advanced 0.3% and 0.8%, respectively.
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.