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CAPITAL FLOWS IN GLOBAL MARKETS
A global gauge of stocks rose, and US Treasuries and gold fell on Friday as solid American jobs data improved the economic outlook and traders reduced expectations of Fed easing after a protracted period of rate hikes.
The April non-farm payroll data revealed 253,000 new jobs, up from 165,000 in March and above Reuters estimates for 180,000.
The data pushed US Treasury rates higher, lowering the dollar marginally versus a basket of key currencies.
Oil prices rose on economic momentum but fell for a third week. After a tough week, US bank shares recovered.
