Global stocks rise, spurred by surge in US employment data
Al Jazeera
Non-farm payrolls in the US surged by 916,000 last month, well above forecast, indicating a rise in economic activity.
Global stock prices rose to a one-and-a-half-month high on Monday after data showing a surge in United States employment while short-dated US bonds came under pressure on worries the Federal Reserve may bump up interest rates sooner than it has indicated. US S&P 500 futures traded 0.5 percent higher, maintaining their gains made during a truncated session on Friday while Japan’s Nikkei rose 0.8 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat, with China closed for Tomb-Sweeping day and Australia on Easter Monday break.
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