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Stocks Climb as Traders Weigh Fed Taper Outlook: Markets Wrap

  • European stocks near record; Japan gauge hits 31-year high
  • U.S. hiring slowdown raises prospect of delay in Fed taper
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WATCH: The Fed will announce tapering in December, according to TD Securities.(Source: Bloomberg)
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Global stocks rose for a seventh day and U.S. equity-index futures rallied as investors bet slower hiring in the world’s largest economy may delay a tapering of Federal Reserve stimulus. Aluminum hit a decade high amid political unrest in Guinea.

MSCI Inc.’s gauge of world stocks gained for a fourth day even as U.S. markets were closed for Labor Day. In Europe, the Stoxx Europe 600 Index rose the most in six weeks, led by technology shares. Contracts on the S&P 500 Index climbed 0.2%. Aluminum supplier Norsk Hydro ASA jumped to a 13-year high in Oslo. Gold bounced between losses and a gain of 1.9%.