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Global stocks rally into US jobs report amid surging commodity prices

Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key US jobs report later on Friday

Topics
global stock market | US jobs report | Commodity prices

Reuters  |  TOKYO 

By Kevin Buckland TOKYO (Reuters) - Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus. MSCI's benchmark for global equity markets, which tracks stocks in 50 countries, edged up about 0.1%, on course for a 0.4% gain this week. Its broadest index of Asia-Pacific shares outside Japan ticked up by about 0.4% on Friday, with China's blue chips and Japan's Nikkei each gaining ...

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First Published: Fri, May 07 2021. 08:36 IST
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