European stocks slid, completing their first weekly decline since January, as Russia said it may cut off Ukraine’s gas, outweighing a report that showed the U.S. economy created more jobs last month than forecast.
Japanese shares rose, with the Topix index capping its longest winning streak this year, as the yen held near the lowest level in five weeks and after data showed fewer U.S. workers filed for unemployment.
Employers in the U.S. probably hired more workers in February than a month earlier, showing companies were confident demand will bounce back from a weather-induced slowdown, economists project a report will show today.
The euro rose to a two-month high and Treasuries fell after fewer people filed U.S. jobless claims and the European Central Bank left interest rates at a record low. U.S. stocks pared gains as health-care companies slid while palladium led gains among precious metals.
Nickel reached a nine-month high amid concern that the U.S. will impose trade sanctions on Russia, exacerbating supply constraints amid an ore-export ban in Indonesia, the top producer of the metal from mines.