- US trade chief defends tariff hikes when paired with investment
- EU court blocks French ban on vegetable 'steak' labelling
- Meta AI turns pictures into videos with sound
- US dockworkers return to ports after three-day strike
- DR Congo to begin mpox vaccination campaign Saturday in east
- Meta must limit data use for targeted ads: EU court
- Oil extends gains, jobs report lifts Wall Street
- US hiring soars past expectations in sign of resilient market
- As EU targets Chinese cars, European rivals sputter
- Top EU court finds against FIFA in key transfer market ruling
- Oil extends gains, Hong Kong stocks resume rally
- 'A man provides': Ukrainian miners send families away as Russia advances
- EU states greenlight extra tariffs on EVs from China
- Hong Kong stocks resume rally, oil dips after Middle East-fuelled surge
- Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
- Hera spacecraft to probe asteroid deflected by defence test
- US dockworkers to head back to work after tentative deal
- After Helene's destruction, North Carolina starts to rebuild
- Dockers end three-day strike at Montreal port
- What next for OpenAI after $157 billion bonanza?
- Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF
- Milan's Morata moves house after Inter-fan town mayor 'violates' privacy
- 'Devastating' storm hits Augusta National but Masters will go on
- Relief in Brazil, Asia over delay to EU deforestation rules
- Oil prices jump, stocks fall on Middle East tensions
- Biden says 'discussing' possible Israeli strikes on Iran oil facilities
- Oil prices rise, stocks fall on Middle East tensions
- Oil rallies, stocks mostly retreat on Middle East tensions
- Phasing out teen smoking could save 1.2 mn lives: study
- 'Welcome relief': Asia producers hail EU deforestation law delay
- Japan PM slated to announce plans for 'happiness index'
- Turkish inflation falls less than expected in September at 49.4%
- Easing inflation lifts profit at UK supermarket Tesco
- Skiing calls on UN climate science to combat melting future
- China wine industry looks to breed climate resilience
- Tokyo rallies on weak yen, Hong Kong drops after surge
- Dutch airline KLM unveils 'firm' cost-cutting measures
- Carpe diem: the Costa Rican women turning fish into fashion
- Senegal looks to aquaculture as fish stocks dwindle
- Will AI one day win a Nobel Prize?
- Climate change, economics muddy West's drive to curb Chinese EVs
- Argentina's Milei vetoes university budget after huge protests
- TotalEnergies plans to grow oil and gas production until 2030
- 2024 Nobels offer glimmer of hope as global crises mount
- Tokyo rallies on weak yen, Hong Kong reverses after surge
- Tunisia readies for vote as incumbent Saied eyes victory
- High childcare costs in US weigh on women's employment
- US voters seek help with crushing childcare costs
- Taiwan shuts down for second day as Typhoon Krathon to land
- Supercharged storms: how climate change amplifies cyclones
European equities stage rebound before US data
Europe's stock markets rose Friday before key US jobs data, after diving the previous day on fears of an inflation-induced recession.
Frankfurt won 1.5 percent, London gained 0.7 percent and Paris added 0.6 percent after a subdued Asian session.
All three markets tanked Thursday as record-high eurozone inflation fuelled fears that the European Central Bank will ramp up interest rates again next week, even as the region faces rocketing winter energy prices over Russia's war on Ukraine.
Elsewhere on Friday, oil prices rallied Friday on fading expectations for an Iran nuclear deal anytime soon, but remain under pressure from issues including the strong dollar, China's renewed Covid lockdowns, and worries about a demand-sapping recession.
- Data 'commands attention' -
All eyes are now on a key US non-farm payrolls (NFP) report slated for publication later Friday, for clues on the Federal Reserve's interest rate outlook.
"This economic reading commands the most attention," noted AvaTrade analyst Naeem Aslam.
"As always, the Fed will watch this data very closely and it is highly likely to influence their monetary policy decision."
With US rates expected to keep rising, the dollar has rallied to highs not seen for decades including against the pound and euro.
Bets are now increasing on a third successive 75-basis-point increase at the Fed's September meeting.
The dollar eased Friday but held above 140 yen -- one day after breaching the key level for the first time since 1998.
"Profit-taking was the name of the game as euro/dollar climbed back above parity, although dollar/yen continued to press ahead," noted City Index analyst Fawad Razaqzada.
Recent healthy readings on US factory activity, unemployment claims and private jobs creation indicated the world's top economy remained strong despite rising interest rates and four-decade-high inflation.
Wall Street ended Thursday with a late rally, with the Dow and S&P 500 snapping a four-day retreat, though the Nasdaq extended its losing streak.
- Key figures at around 1100 GMT -
London - FTSE 100: UP 0.7 percent at 7,200.60 points
Frankfurt - DAX: UP 1.5 percent at 12,820.41
Paris - CAC 40: UP 0.6 percent at 6,071.24
EURO STOXX 50: UP 0.8 percent at 3,484.42
Tokyo - Nikkei 225: FLAT at 27,650.84 (close)
Hong Kong - Hang Seng Index: DOWN 0.7 percent at 19,452.09 (close)
Shanghai - Composite: UP 0.1 percent at 3,186.48 (close)
New York - Dow: UP 0.5 percent at 31,656.42 (close)
Dollar/yen: UP at 140.32 yen from 139.44 yen on Thursday
Euro/dollar: UP at $1.0008 from $0.9946
Pound/dollar: UP at $1.1564 from $1.1545
Euro/pound: UP at 86.51 pence from 86.14 pence
West Texas Intermediate: UP 2.3 percent at $88.62 per barrel
Brent North Sea crude: UP 2.1 percent at $94.27
burs-rfj/rl
X.Cheung--CPN