Overseas Trading: Global Markets Await Jobs Report

Global stocks are mostly higher, despite uncertainty over the U.S. nonfarm payrolls report

by Alex Eppstein

Published on Sep 2, 2016 at 8:28 AM
Updated on Sep 2, 2016 at 8:29 AM

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.

overseas trading september 2

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