- EU court blocks French ban on vegetable 'steak' labelling
- Prosecutors seek dismissal of rape charges against French rugby players
- Meta AI turns pictures into videos with sound
- Bolivia's Morales says claims he raped a minor are a 'lie'
- MLB Reds hire two-time champion Francona as manager
- Daniel Maldini receives first Italy call-up for Nations League
- US dockworkers return to ports after three-day strike
- Ancelotti points finger at Madrid's 'lack of intensity'
- Haiti reeling after 70 killed in gang attack
- Five Czech kids in hospital over TikTok 'piercing challenge'
- What happens next in Iran-Israel conflict?
- Country star Garth Brooks denies rape accusations
- Stubbs hits maiden century as South Africa make 343-4 against Ireland
- DR Congo to begin mpox vaccination campaign Saturday in east
- Odegaard injury has forced Arsenal to be 'different', says Arteta
- Ratcliffe refuses to guarantee Ten Hag's Man Utd future
- Meta must limit data use for targeted ads: EU court
- Mauritius to hold legislative election on November 10
- Britain qualify for America's Cup final after 60-year wait
- IMF asks Sri Lanka to protect hard-won gains
- Morata returns to Spain Nations League squad after injury
- Irish regulator to probe Ryanair use of facial recognition
- Public allowed to see video evidence in France mass rape trial
- US hiring soars past expectations in sign of resilient market
- Under-fire Ten Hag 'together' with Man Utd hierarchy
- Guardiola talks of Man City love affair as financial hearing rumbles on
- De Bruyne out of Belgium Nations League squad
- Japanese trainer Yahagi hopes Shin Emperor achieves 50-year-old Arc dream
- UK's Starmer hails 'landmark' carbon capture funding
- As EU targets Chinese cars, European rivals sputter
- Bosnia floods kill 14 people
- Tennis world number one Swiatek splits with coach Wiktorowski
- Liverpool share responsibility for Nunez goal drought, says Slot
- Top EU court finds against FIFA in key transfer market ruling
- Top seed Sabalenka stunned by Muchova in Beijing last eight
- Tsitsipas gets revenge against Nishikori at Shanghai Masters
- 'Alone against world': lawyer defending Frenchman in mass rape trial
- 'A man provides': Ukrainian miners send families away as Russia advances
- Singapore charges hotel tycoon in case linked to jailed minister
- S. Korean director brings fresh film adaptation to Busan festival
- Blood and blades as Thailand celebrates vegetarian festival
- Binder tops Japan MotoGP practice with Martin third
- India asks top court not to toughen marital rape penalties
- Sinner not 'comfortable' as doping case clouds Shanghai campaign
- Brazilians choose mayors, councillors in bellwether election
- Japan PM warns 'today's Ukraine could be tomorrow's East Asia'
- Portugal looks to put new twist on cork industry
- Spoon scratching: Kenya's DIY DJ
- Lyon's Matavesi calls for change after 'crazy' World Cup salary strike threat
- North Korea's Kim threatens to use nukes if attacked
CMSC | -0.3% | 24.665 | $ | |
CMSD | -0.33% | 24.808 | $ | |
NGG | -0.85% | 66.405 | $ | |
BCC | -0.2% | 138.02 | $ | |
GSK | 0.45% | 38.545 | $ | |
RIO | -0.26% | 69.65 | $ | |
JRI | -0.18% | 13.276 | $ | |
BTI | 0.4% | 35.25 | $ | |
SCS | 1.98% | 12.875 | $ | |
RBGPF | -3.17% | 58.93 | $ | |
RYCEF | 0% | 6.98 | $ | |
AZN | -0.7% | 77.39 | $ | |
BCE | -0.3% | 33.74 | $ | |
VOD | -0.21% | 9.67 | $ | |
BP | 1.71% | 33.025 | $ | |
RELX | -1.3% | 46.01 | $ |
Oil extends gains, jobs report lifts Wall Street
Oil prices rose further Friday on fears Israel could strike Iranian crude facilities, while global stock markets mostly advanced on signs of continued strength in the US economy.
The US economy added 254,000 jobs last month, much more than August -- which itself was revised higher -- and way above expectations. The unemployment rate fell to 4.1 percent.
All the main US stock indexes were higher in morning trading, while London was flat and Paris and Frankfurt rose in afternoon deals.
The positive US jobs report is not likely to stop the Federal Reserve from continuing to trim interest rates now that inflation is coming under control, analysts said.
But it probably rule out a full 50-basis-points cut at the central bank's next meeting in a month's time, they said.
"With data coming in significantly stronger than anticipated, the Fed is likely to continue cutting rates at a slow and steady pace, with a 25-basis-point reduction in the November meeting being the most probable outcome," said Mahmoud Alkudsi, analyst at ADSS.
The dollar rose after the jobs report, which "put the nail in the coffin for talk" of another 50 basis point cut from the Fed, said Fawad Razaqzada, analyst at City Index and FOREX.com.
In more good news for the US economy, dockworkers on the East and Gulf Coast will be returning to work after unions and port operators reached a tentative pay deal late Thursday to end a strike that could have had serious repercussions on prices and trade.
Oil continued to rise Friday, with the price of a barrel of oil up more than 10 percent so far this week.
Escalating overnight assaults by Israel on Hezbollah positions in Lebanon come as it weighs retaliation for Iran's barrage of missiles fired at the country.
Crude prices rocketed around five percent Thursday when US President Joe Biden said he was "discussing" possible Israeli strikes on Iranian oil sites in retaliation for Tehran's barrage.
But analysts warned that slowing demand in many countries and plentiful supply both within and outside OPEC is likely to eventually put a cap on prices.
"While geopolitical risks are firmly in the spotlight at present, one should not forget the fundamental oil market drivers waiting in the wings, which are not supportive of a persistently higher oil price," said David Oxley, commodities economist at Capital Economics.
Earlier, shares rose in Hong Kong after a pause Thursday to the rally that started last week when Beijing unveiled a raft of economy-boosting measures.
The stimulus -- mainly targeting the property sector -- has seen stocks in the city and mainland China enjoy a blistering run of more than 20 percent on hopes that Beijing can finally reignite growth.
Hong Kong's Hang Seng Index closed up almost three percent Friday, with tech firms leading the charge, while developers fluctuated as investors awaited cues from China after big gains over the past week.
Mainland Chinese markets were closed for the Golden Week holiday.
- Key figures around 1340 GMT -
Brent North Sea Crude: UP 0.9 percent at $78.29 per barrel
West Texas Intermediate: UP 0.9 percent at $74.36 per barrel
New York - Dow: UP 0.6 percent at 42,243.07 points
New York - S&P 500: UP 0.7 percent at 5,737.99
New York - Nasdaq Composite: UP 1.1 percent at 18,115.85
London - FTSE 100: UP 0.1 percent at 8,286.66 points
Paris - CAC 40: UP 0.9 percent at 7,542.56
Frankfurt - DAX: UP 0.5 percent at 19,106.49
Hong Kong - Hang Seng Index: UP 2.8 percent at 22,736.87 (close)
Tokyo - Nikkei 225: UP 0.2 percent at 38,635.62 (close)
Shanghai - Composite: Closed for a holiday
Pound/dollar: DOWN at $1.3079 from $1.3124 on Thursday
Euro/dollar: DOWN at $1.0964 from $1.1029
Euro/pound: DOWN at 83.85 pence from 84.03 pence
Dollar/yen: UP at 148.64 from 146.92 yen
F.Moura--PC