US Stocks gained 0.2% on Friday while Treasury yields rose leading to bond price declines. The moves followed a weaker than expected August payrolls report, a labour market measure that investors look to for an indication on Fed Policy direction.
In other economic releases on Friday, U.S. factory releases reflected the fastest pace of expansion in six years and consumer sentiment climbed to a three-month high amid an improving outlook for household finances and the economy.
The Stocks Europe 600 Index gained for a third day, rising 0.7%, with media companies among the winners after Vivendi SA sales beat estimates.
In currency news, the euro fell against the dollar after Bloomberg News reported that the European Central Bank may not be ready to finalize its decision on next year’s bond-purchase plan until before the current program expires.
In Asia overnight, Japanese shares fell, declining 0.9%, as the yen strengthened against most peers following North Korea’s nuclear test on Sunday.
Chinese equities were unchanged despite the yuan currency rising to a 15-month high as North Korea’s nuclear test further supported recent bullish sentiment on the currency.