KUALA LUMPUR, Malaysia (AP) — Global stock markets were mixed at the start of the week after unexpectedly strong U.S. economic growth and hiring reinforced expectations that the Federal Reserve will start cutting back stimulus soon. Stocks in Manila sank after a typhoon devastated the eastern Philippines, killing thousands of people.
Investors were also waiting to see if China's communist leaders, who started a four-day meeting in Beijing on Saturday, would announce reform plans to bolster the world's No. 2 economy as it comes under pressure from industrial overcapacity, high debt and surging house prices.
In Europe, Germany's DAX was flat at 9,078.28 and the France's CAC-40 rose 0.2 percent to 4,267.24. The FTSE 100 index of leading British shares was 0.1 percent higher at 6,716.08.
Dow Jones and S&P 500 futures were little changed.
U.S government figures on Friday showed the country generated 204,000 jobs in October, way ahead of market expectations for a more modest increase of 125,000. And the world's biggest economy grew 2.8 percent in the third quarter, nearly a percentage point higher than expected.
The data made it more likely the Fed will soon being reducing its $85 billion of monthly bond purchases that have kept interest rates low to spur economic recovery but also sent a wall of money into stock markets.
