Charting the Markets: Global Stocks Jump on Weak U.S. Jobs Report

The MSCI All Country World Index rose for a fourth day, the best run since mid July, as Friday's U.S. jobs report reduces the odds of a 2015 rate hike. The U.S. economy added 142,000 jobs in September, below the 201,000 estimate by economists in a Bloomberg survey, and wage growth stalled. Asian stocks rose for a fourth day, while the Stoxx Europe 600 index gained as much as 2.3 percent at the open.

The MSCI Emerging Markets index is gaining for a fourth day, the best streak since April, as a weaker than forecast U.S. payrolls report pushes back expectations of when the Fed will raise rates. There is now an 8 percent chance of a rate hike in October, according to data compiled by Bloomberg. March 2016 is when traders are betting it'll happen with a 55 percent probability. Emerging market stocks have sunk 24 percent from this year's high in April in anticipation of tighter U.S. monetary policy and a slowing Chinese economy.