Global stocks rise ahead of closely watched US hiring data

Global stock markets have risen as investors wait for U.S. jobs data that might influence a Federal Reserve decision on when to roll back stimulus

BEIJING -- Global stock markets rose as investors waited for U.S. jobs data Friday that might influence a Federal Reserve decision on when to roll back stimulus after lawmakers averted a possible government debt default.

London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Wall Street futures advanced.

Investors want to see whether U.S. hiring in September was strong enough for Fed officials who are discussing when to withdraw bond purchases and other stimulus that is boosting stock prices but say they want a healthy job market.

Friday’s Labor Department data “will decide, in the markets' minds, whether the start of the Fed taper is a done deal for December,” said Jeffrey Halley of Oanda in a report.