Global stocks edge up after jobs data soothes concerns over the US economy; oil slips as Ukraine-related gains fade Global stocks and US futures rose Monday after Friday''s jobs report eased recession fears. Investors will focus on the inflation report Wednesday for clues to Federal Reserve rate hikes. Oil prices slipped but still traded just above the six-month lows hit Friday. Stocks inched up Monday in a tentative start to the week, as investors continued to digest the July US jobs report and assess what it means for Federal Reserve policy and markets. US stocks edged cautiously up in European trading hours. SP 500 futures were 0.20% higher, Dow Jones Industrial Average futures rose 0.16%, and Nasdaq futures added 0.33%. The surprisingly strong report on Friday showed the US added 528,000 jobs last month , a sign the labor market is faring well despite fears of an economic slowdown. "The US economy simply cannot be deemed to be in a recession in a month when over 528,000 jobs have just been added as payrolls," Deutsche Bank strategist Jim Reid said. But with a tight labor market in place, wages are expected to keep rising quickly, which may well convince the now data-dependent Fed to keep up its aggressive interest-rate hikes.