Oil on track for biggest weekly fall since June, but fuel prices creep up – business live

Rolling coverage of the latest economic and financial newsRachel Reeves could raise £45bn in taxes and keep promises, report saysToday was due to be one of the more exciting days in the markets, with the publication of the latest US jobs report.After two weak non-farm payroll reports in a row, September’s data would have given a good insight into whether the US labor market had continued to cool over the summer, as the Trump trade war hit the economy.For traders in Asia this morning and around the globe, the absence of NFP is a guilty relief—a rare first week Friday without the thunderclap risk of a headline payroll surprise.The screens are quieter, the alerts still ping, but the heartbeats are slower. Some will take the early cut, step into the weekend before the next wave of OPEC headlines or AI hype rolls across the Pacific. Continue reading...

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