After wandering higher for the past two weeks, mortgage rates reversed course, pulling back to near yearly lows. The retreat began last week after the Federal Reserve met and expressed concerns about the economy.
TOKYO/SINGAPORE Asian shares wallowed at one-month lows on Friday as investors braced for the U.S. April payrolls report after jobless claims data raised doubts over the seemingly rosy employment picture.
The wildfire that raged on Thursday in Fort McMurray in the heart of the Canadian oil sands region knocked out as much as a third of Canada's daily crude capacity and closed some pipelines.
ArcelorMittal, the world's biggest steel producer, sees a broad recovery in the global steel market after prices for the metal rallied.
Investors are losing billions a year from central banks that have set interest rates below Zero in an effort to stimulate economic growth by punishing saving and encouraging lending.