Global stock markets rise after weak US hiring data

By JOE McDONALD
AP Business Writer

BEIJING (AP) — Global stock markets are higher, after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices. London and Frankfurt opened higher, while Shanghai, Tokyo and Hong Kong advanced. Wall Street futures were higher. The Labor Department reported U.S. employers added barely one-third of the number of jobs expected in August. Investors appeared to welcome that, because the Fed might be prompted to postpone a possible reduction in bond purchases that pump money into the financial system. Officials have indicated the Fed might decide at a board meeting this month but wants to be sure a recovery is established.