Global stock markets and Wall Street futures are higher ahead of updates on U.S. employment amid fears of a possible global recession. us jobs kprc2 click2houston
Investors will be closely watching moves by central banks in coming months to fight inflation with higher interest rates, all the while bracing for the recession and higher unemployment that could result from those policies. This week markets are looking ahead to a monthly report on the U.S. job market that could provide clues on where the economy is headed. The S&P 500 index was up 0.7% in the early going Tuesday. The Dow was up 0.5% and the Nasdaq was up 1.3%.
On Wall Street, the futures for the benchmark S&P 500 index and the Dow Jones Industrial Average were up 0.5% ahead of 2023's first day of U.S. trading.In Asia, the Shanghai Composite Index gained 0.9% to 3,116.51 and the Hang Seng in Hong Kong rose 1.8% to 20,145.29. Japanese markets were closed. India's Sensex gained 0.5% to 61,167.79. Singapore declined while Bangkok and Jakarta advanced. New Zealand markets were closed.
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