* Manufacturing PMIs, U.S. jobs data on investors' radar. * Gold could see relief rally on lukewarm NFP data - analyst. By Eileen Soreng. Gold prices rose on Monday as a softer dollar rekindled some of bullion's appeal for overseas buyers, although the prospects of sharp interest rate hikes by the U.S. Federal Reserve and other major central banks capped further gains.
After Hurricane Ian struck Florida, and North and South Carolina, its remnants are headed to Virginia, and West Virginia on Saturday. On Wednesday, the storm struck Florida's Gulf Coast, and on Friday, it thrashed waterfront Georgetown, north of the historic city of Charleston in South Carolina. Early on Saturday, nearly 1.3 million people in Florida were without power.
Cuba's government has made a rare request for emergency assistance from the administration of U.S. President Joe Biden after Hurricane Ian knocked out power to the whole island of 11 million people, the Wall Street Journal reported on Friday. Hurricane Ian tore through the island nation on Tuesday, flattening homes and destroying agricultural fields.
Canada's main stock index ended flat in volatile trading on the last day of a quarter that has been plagued with worries around economic growth and hawkish central bank policy actions.
Treasury yields rose on
Friday in a volatile week rocked by a Bank of England
intervention that sent bond prices soaring only to later slip
after a raft of Federal Reserve officials insisted U.S.
* S&P 500 notches largest September percentage drop, longest streak of quarterly declines since Great Recession. * Core inflation data hotter than expected. By Stephen Culp.
U.S. Treasury yields were
little changed on Friday after a volatile week rocked by a Bank
of England intervention that sent bond prices soaring only to
later slip as Federal Reserve officials ...
"Festering" inflation remains a bigger threat to the economy than the risks of Federal Reserve rate hikes going too far and causing unnecessary damage in the effort to control it, Richmond Fed President Thomas Barkin said on Friday.
President Joe Biden on Friday said the destruction in Florida from Hurricane Ian is likely to be among the worst in U.S. history and he has directed every possible action be taken to save lives. "We're just beginning to see the scale of that destruction.
* Dollar flat, sterling ticks up after week of turmoil. * Treasury yields little changed. * Oil prices retreat. By Lawrence Delevingne. Wall Street and global stocks made up little ground on Friday, with government bond yields and the dollar holding near recent peaks, as higher-than-expected inflation continued to weigh on markets.
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