World markets mostly gain ahead of Fed report, US jobs data
Global stock markets and Wall Street futures are higher ahead of updates on U.S. employment amid fears of a possible global recession BEIJING -- Global stock markets and Wall Street futures were higher Tuesday ahead of updates on U.S. jobs amid fears of a possible global recession. Frankfurt, Shanghai and Hong Kong advanced. Seoul declined. Oil prices rose. Coming off a year of big declines for major stock market s, traders worry the Federal Reserve and other central banks might be willing to push the world into recession to cool inflation that is at multi-decade highs. Investors also are uneasy about the impact of Russia's war on Ukraine and China's COVID-19 outbreaks. “Almost everyone is going into 2023 with a Health y dose of trepidation,” Craig Erlam of Oanda said in a report . The DAX in Frankfurt opened up 0.2% at 14,093.38 while the CAC-40 in Paris was unchanged at 6,594.63. On Wall Street, the futures for the benchmark S &P 500 index and the Dow Jones Industrial Av...