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European stocks rise: Transocean (NYSE:RIG), Nokia (NYSE:NOK), Noble (NYSE:NE), Yandex NV (NASDAQ:YNDX), Weatherford (NYSE:WFT),

European bourses are firmer but Asian equity benchmarks were mixed as the latest US jobs report leaves investors uncertain about the timing of a Federal Reserve rate rise.

Wall Street is closed on Monday for Labor Day, though S&P 500 futures are trading electronically and they suggest the US stock barometer would add 13 points to 1,934, recovering almost half of Friday’s loss.

That mooted S&P 500 bounce is helping the FTSE Eurofirst 300 gain 0.4 per cent, the pan-European barometer also being lifted by strength in miners after news Glencore will cut copper production.

The FTSE Asia Pacific index shed 0.5 per cent, with Tokyo’s Nikkei 225 climbing 0.4 per cent but the Shanghai Composite index returning from a four-day break to post a 2.6 per cent loss. That drop left the SCi about 40 per cent below its bull run peak touched in June.

Beijing revised down its growth estimates for 2014 from 7.4 per cent to 7.3 per cent — a small cut, but one that highlights concerns about the world’s second-biggest economy that have infected markets of late.

China’s foreign exchange reserves last month fell by a record $94bn, a figure that suggests Beijing stepped up its efforts to intervene in the forex market to create stability in the wake of its new currency regime.

Finance ministers from G20 nations meeting in Turkey at the weekend tried to play down worries about the impact of a Chinese slowdown on the global economy.

On the sidelines of the G20 conference, People’s Bank of China governor Zhou Xiaochuan said there had been “no notable effect on the real economy” as a result of the recent equities sell-off. He acknowledged there had been a stock market bubble in the first half of this year but said the subsequent correction was now almost complete.

Still, the fallout from the China bear market and fading Asian economic growth could prevent the US central bank raising official borrowing costs soon, it is reckoned by some traders.

Transocean LTD (NYSE:RIG) together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. Transocean LTD shares are trading 19.45 % above their 52 week low price after the last close and -63.78 % below the 52 week high. Its latest closing price was down -18.68 % from the average-price of 200 days while it kept its distance from the SMA50 at -3.13 % and 0.08 % compared with the SMA 20.

Shares of Nokia Corporation (ADR) (NYSE:NOK) were 7.88 % off 52 week lows as of the latest close and -27.68 % below the 52 week high. Its latest closing price was down -15.45 % from the average-price of 200 days while it maintained a distance from the SMA 50 at -6.90 % and -3.66 % compared with the SMA 20. NOK is engaged in the network infrastructure, location-based technologies, and advanced technologies businesses worldwide.

Noble Corp plc (NYSE:NE) operates as an offshore drilling contractor for the oil and gas industry worldwide. The stock’s latest price traded at 16.92 % off 52 week lows after the closing bell and was -51.33 % behind its 52 week high. Its latest closing price was -18.35 % below the SMA200 while the distance from the SMA 50 and SMA 20 was -5.00 % and -0.85 % respectively.

Yandex NV (NASDAQ:YNDX) is trading 15.69 % higher than the 52 week low price and -64.12 % below the 52 week high. The stock’s latest closing price was -32.21 % down from the average-price of 200 days while it kept its distance from the SMA50 at – 16.52 % and -4.79 % compared with the SMA 20. Yandex NV operates an Internet search engine in Russia and internationally.

Weatherford International Plc (NYSE:WFT) provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. Weatherford International Plc  so far this year has moved down-14.59 % and its monthly performance stands at -9.53 %. The stock was up35.64 % from its 52 week low and was -59.01 % below the 52 week high. Its latest closing price was down -20.02 % from the average-price of 200 days while it kept its distance from the SMA50 at -7.27 % and 2.93 % compared with the SMA 20.