Stocks and emerging markets currencies edged down on Friday and oil headed for its biggest weekly loss since March, as nervousness over the spread of the COVID-19 Delta variant hit risk assets and crimped demand. A key jobs report due later in the day is expected to deliver further signs of growth in the United States, soothing some of those concerns about the global economy and further boosting the rising dollar. The benchmark STOXX index of European shares opened down 0.1%, following earlier falls in MSCI’s broadest index of Asia-Pacific shares outside Japan as Chinese blue chips suffered from uncertainty over government policy.
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