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Stock market today: Global shares trade mostly higher ahead of a key US jobs report

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Global shares are trading mostly higher as investors looked toward a U.S. jobs report being released later in the day.

FILE - Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Aug. 30, 2023. Asian shares were trading mixed Friday, Sept. 1 as investors looked toward a United States jobs report being released later in the day. – Global shares were trading mostly higher Friday as investors looked toward a U.S. jobs report being released later in the day.

Japan's benchmark Nikkei 225 rose 0.3% to finish at 32,710.62. Australia's S&P/ASX 200 slipped 0.4% to 7,278.30. South Korea's Kospi added 0.3% to 2,563.71. The Shanghai Composite added 0.4% to 3,133.25. Stephen Innes, managing partner at SPI Asset Management, said markets were stuck in anticipation ahead of the payrolls data.

Market jitters over the possibility that the Federal Reserve might have to keep interest rates higher for longer — following reports showing the U.S. economy remains remarkably resilient — led to the market's pullback in August after what had been a banner year.

 

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