Stocks look to gain on payrolls miss, oil up after cyber attack

Stocks rose on Monday amid speculation that interest rates will remain low for an extended period due to the receding risk of a rapid acceleration in inflation, while oil prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets.

Futures for Japan's Nikkei rose 0.03per cent. Australian S&P/ASX 200 futures were down 0.06per cent. U.S. stock futures rose 0.12per cent. Oil futures extended gains after a cyber attack shut down a U.S. pipeline operator that provides nearly half of the U.S. east coast's fuel supply. On Friday the Dow Jones Industrial Average and the S&P 500 rose to record closing highs after disappointing data on the U.S. jobs market eased concerns about a spike in consumer prices.

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