Global stock markets rise after weak U.S. hiring data

⚡️ Global stock markets rise after weak U.S. hiring data

Global stock markets and Wall Street futures rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of the economic stimulus that has boosted stock prices.Investors appeared to welcome Friday’s Labor Department report that U.S. employers added only 235,000 jobs in August, barely one-third of the consensus forecast of 730,000.

The FTSE 100 in London rose 0.7% to 7,187.18 points and Frankfurt’s DAX advanced 1% to 15,932.12 points. The CAC 40 in Paris added 0.8% to 6,743.50 points. In Asia, the Shanghai Composite Index rose 1.1% to 3,621.86 points and the Nikkei 225 in Tokyo gained 1.8% to 29,659.89 points. The Hang Seng in Hong Kong added 1% to 26,163.63.

India’s Sensex rose 0.3% to 58,296.91 points. New Zealand, Singapore and Jakarta gained while Bangkok retreated.The weak U.S. hiring also prompted concern the spread of the coronavirus’s more contagious Delta variant is hurting economic growth. It was well below the monthly average of more than 900,000 jobs added in June and July.

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