In European Equity Markets the pan-European Stoxx 600 closed down 0.86 percent, with all sectors closing around the flat-line or in the red. Technology and basic resources fell more than 2 percent each as a sector.  The FTSE 100 fell 1.35 percent, weighed down by the miners; while France’s CAC 40 declines 0.95 percent and Germany’s DAX decreased by1.08 percent. Europe’s basic resources stocks were the worst performers Friday, closing down 2.53 percent amid heightened global trade war fears.

In Currency Markets the US dollar edged towards a six-week high on Friday before monthly U.S. jobs data that investors hope will shed light on how much longer the Fed’s aggressive rate-hiking cycle will continue. The U.S. currency is outperforming other major currencies as the U.S. economy continues to grow strongly while recent data in other large economies, including the euro zone, has come in below expectations. The Australian dollar, often viewed as a barometer of risk appetite, slipped 0.3 percent to $0.7054, a 32-month low.

In Commodities Markets crude futures edged higher on Friday as U.S. unemployment data eased concerns about demand in the world’s top oil consumer, with both benchmarks set for a weekly gain ahead of U.S. sanctions on Iranian oil exports.  West Texas Intermediate (WTI) crude futures rose 44 cents to $74.77 a barrel. Brent crude futures lost 9 cents to $84.49 a barrel. On Wednesday, the global benchmark hit a late 2014 high of $86.74. Both benchmarks were on track for a weekly gain of about 2 percent.

In US Equity Markets stocks were little changed on Friday, kept in check by Treasury yields at seven-year highs after the September jobs report did little to alter the view that the Federal Reserve would continue to gradually raise interest rates. Seven of the 11 S&P sectors were higher, with the defensive utilities sector up 0.79 percent. Costco Wholesale shares fell 3.1 percent after the company’s quarterly sales barely beat analysts’ estimates, while gross margins fell on rising costs and higher investments.

In Bond Markets longer-dated U.S. Treasury yields rose on Friday after the Labor Department reported that U.S. job growth slowed in September and wages rose steadily, suggesting modest inflation. The 30-year Treasury bond reached a four-year high of 3.396 percent, up 4.5 basis points from late Thursday. The benchmark 10-year yield rose to 3.233 percent, up 3.8 basis points from late Thursday. The yield curve was modestly steeper. Spreads between two- and 10-year yields and between five- and 30-year yields were up by less than a basis point.