Wall Street and world stocks were mostly higher on Thursday, with U.S. Treasury yields falling amidst a cooling labor market and dovish Fed comments hinting at an upcoming interest rate cut. U.S. private payrolls in August grew less than expected, while weekly jobless claims exceeded estimates. Traders remained optimistic despite Chinese market turmoil. The Dow, S&P 500, Nasdaq, and FTSEurofirst 300 all saw gains. Oil prices dropped as OPEC+ considers increasing output targets. Fed officials have raised expectations of a rate cut, with markets pricing in a near-100% chance at the upcoming meeting. European bond yields dipped, reflecting concerns over government stability. Salesforce shares slumped after disappointing revenue due to AI product monetization. Beijing’s market measures caused Chinese shares to tumble, while U.S. investors awaited payroll data and monitored the Fed’s new board member confirmation. Japanese bond auction success brought relief, with Australian and Indian markets seeing gains. The Fed’s “Beige Book” painted a mixed U.S. economic picture, with bond yields falling and the dollar slightly up. Brent crude and gold prices fluctuated amid market uncertainties.

Read more at Yahoo Finance: Rate cut anticipation boosts stocks, bonds as US labor market chills