Oil prices rose about 1% on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude fell more than 5% on the week, its second consecutive weekly decline.
Global Markets-Easing concerns about U.S. economy lift equity markets
Modest job growth in the United States buoyed world stock markets broadly on Friday, helping calm markets after one of the worst weeks for equities in months.
Mideast Stocks: Blue-chip sell-off dents Egypt, most major Gulf markets fall
The Egyptian blue-chip index fell sharply on Thursday, pressured by banks amid weak global sentiment, while most major Gulf markets ended lower on falling oil prices.
Dollar edges lower as U.S. jobs-inspired rally fizzles
The dollar inched lower on Friday, giving up gains fueled by a generally solid U.S. jobs report that slightly underperformed expectations, as investors worried about political risk in the United States and ongoing trade talks with China.
Gold gains on global growth fears, eyes on U.S. jobs data
Gold rose on Friday on growing fears of a global economic slowdown and rising expectations of more U.S. interest rate cuts, with investors now looking for cues from U.S. jobs data.
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