Global markets rose on Friday and Wall Street futures as investors awaited the US jobs report for May, which is expected to show another surge in unemployment in the world’s largest economy.
Germany’s DAX gained 1.7 per cent to 12,643 and the CAC 40 in Paris added 1.9 per cent to 5,108. Britain’s FTSE 100 rose 1.3 per cent to 6,421. Futures for the Dow were up 1.3 per cent while those for the S&P 500 were 0.8 per cent higher. Economists expect the Labor Department’s monthly jobs report for May to show employers slashed 8.5 million jobs last month, down from 20.5 million in April. That would push the unemployment rate to nearly 20 per cent from about 15 per cent.