Shares of banks and other financial institutions rose as traders bet a weak jobs report could allow the Fed to delay rate hikes.
Treasury yields rose in the wake of the report, resulting in one of the largest weekly gains for the 10-year Treasury yield since 2019.
Federal Reserve Bank of San Francisco leader Mary Daly said she is on board with a faster drawdown in central bank asset-buying stimulus and supports a relatively quick shift toward shrinking the size of Fed holdings once interest-rate rises start.
Global bank Citigroup told its U.S. staff it planned to follow through on previous warnings and would terminate unvaccinated employees in the coming weeks.
The ruble weakened to a more-than eight-month low against the dollar this week amid rising tensions on the Russian border with Ukraine and unrest in neighboring Kazakhstan, before recovering somewhat Friday.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-07-22 1704ET
