Global stocks higher as investors await U.S. jobs data

|By:, SA News Editor

European shares and U.S. stock futures follow Asian equities higher following sharp gains on Wall Street yesterday and prior to the release of U.S. nonfarm payroll data today.

It's hard to predict what impact the figures might have on markets: if they're too good, they could increase the chances of more Fed tapering, which may have already contributed to the volatility in markets this year; if the data isn't good enough, it will add to doubts about the strength of the U.S. recovery - as was the case with manufacturing figures earlier this week - and that could cause volatility too.

Euro Stoxx 50 -0.1%, London +0.2%, Paris +0.1%, Frankfurt +0.2%, Madrid +0.3%, Milan -0.1%.

U.S. stock futures: Dow +0.2%. S&P +0.3%. Nasdaq +0.5%