World stocks rise, but Wall St. dips with oil ahead of jobs report

July 7, 2016 8:39 PM

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NEW YORK Equities markets rose worldwide on a bump from positive U.S. data, though U.S. stocks and long-dated Treasury yields fell along with oil prices amid investor caution ahead of Friday's U.S. nonfarm payrolls report for June.

Oil prices slumped more than 4 percent, wiping out Wall Street's early gains, after the U.S. government reported that a drop in weekly crude stockpiles was close to analysts' forecasts but far less than the decline expected by market optimists.[O/R]

Also read: China's economy faces overcapacity problems, financial risks rise- Xinhua

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