(Bloomberg) — European stocks rose with U.S. equity-index futures 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.
The Stoxx Europe 600 Index rebounded from last week’s losses, led by technology shares. Contracts on the S&P 500 Index rose 0.2% even as U.S. markets were closed for Labor Day. Gains in Asia were led by Japan, where the equity benchmark rose to a 31-year high on wagers for new economic policies once Prime Minister Yoshihide Suga steps down.
The latest U.S. jobs report threw traders’ calculations awry after they braced for an announcement of tapering at the Fed’s September meeting. The world’s largest economy added only 235,000 jobs in August — the smallest gain in seven months — boosting chances of a delay in that announcement.
The jobs slowdown “reinforces that some form of stimulus…