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World stock markets move up

08 May 2009 13:49 (UTC +04:00)

Baku - APA-Economics. World stocks rose Friday as investors braced for a key U.S. jobs report that could bolster â€” or undercut â€” a growing belief that recession in the world’s largest economy is starting to ease, AP reported.

In morning trading in Europe, Britain’s FTSE 100 was up 1.4 percent to 4,458.23, Germany’s DAX added 2.5 percent to 4,922.24, and France’s CAC 40 grew 2 percent to 3,316.05.
Wall Street was set to open higher. Dow Jones industrial average futures climbed 1 percent to 8,467 and Standard & Poor’s 500 futures were 1.1 percent higher at 917.10.
Shares across Asia recovered from lows after the announcement of the U.S. stress tests.
Wall Street was cautious and finished lower Thursday ahead of the stress tests announcement, with sentiment also hurt by news of weak demand at a Treasury bond auction. That raised concerns about the government’s ability to raise funds to fight the recession.
The Dow Jones industrial average fell 1.2 percent to 8,409.85. The S&P 500 index fell 1.3 percent to 907.39.
Oil prices rose Friday, with benchmark crude for June delivery up 88 cents to $57.59 in European trading. On Thursday, the contract rose as high as $58.57 a barrel, a six-month high, before settling up 32 cents at $56.47.