After volatile week, investors await U.S. jobs report


European markets pulled back slightly on Friday after a roller-coaster week for global stocks, with investor focus now turning to a key U.S. jobs report.

The pan-European Stoxx 600 was down 0.3% in early trade, with oil and gas stocks adding 1% while tech stocks fell 1.2% to lead losses.

Markets have fluctuated hard over the past week as global investors assess the possibility of persistent high inflation, with U.S. bond yields driving jitters for growth-oriented tech stocks.

Markets in Asia-Pacific were mostly higher on Friday as Chinese stocks returned to trading after a week-long public holiday, with Japan leading gains in the region. New data on Friday also showed that Chinese services activity returned to positive levels.

Stateside, U.S. stock futures were little changed during early premarket trading on Friday, following a broad rally in Thursday’s regular session as the Senate agreed to raise the debt ceiling into December.

Friday’s U.S. nonfarm…

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