Global stocks rally into U.S. jobs report amid surging commodity prices – Reuters

Global stocks rally into U.S. jobs report amid surging commodity prices – Reuters

Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus.

MSCI's benchmark for global equity markets (.MIWD00000PUS), which tracks stocks in 50 countries, edged up about 0.1%, on course for a 0.4% gain this week.

Its broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) ticked up by about 0.4% on Friday, with China's blue chips (.CSI300) and Japan's Nikkei (.N225) each gaining about 0.3%.