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Equities: Asia and Europe down Friday, U.S. rallies to modest gain." "Japanese stock markets closed lower, led by car makers. Other Asian equity markets fell sharply, as well. European bourses were lower too, as bank stocks fell. U.S. stocks carried on the trend at the outset, encouraged by a poor employment report, but bottomed at midday and then rallied, on favorable financial-sector talk, to score a slight closing advance"

Bonds: Japan and Europe higher Friday, U.S. falls. "Japanese government bonds rose. Likewise, European benchmark bonds were higher as well, though losing a some amount of their gains in late trading, as Treasuries fell back from an initial rally on friendly employment data. The U.S. market eventually dropped deeply into negative territory, with talk of a Treasury GSE fix hammering prices late in the day."

Currencies: Mixed dollar. "The dollar fell against the yen over the course of Asian and early European trade, but rose back strongly to a net gain later, closing near ¥107.75. The US currency followed much the same pattern against the euro, but without a net strengthening, for a virtually flat close near $1.4265."

Japan: Capex growth falls more steeply. "According to the latest Ministry of Finance (MoF) survey, capex spending dropped 6.5% Y/Y in Q2, a steeper fall than the 4.9% Q1 fall."

Philippines: Rising price pressures. "In line with expectations, consumer price inflation rose from 12.3% Y/Y in July to 12.5% in August, the highest since December 1991." "

South Korea: Revised data underscore domestic gloom." "The revised GDP numbers showed headline growth unrevised at 0.8% Q/Q in Q2, but with revisions to the components on the expenditure side underscoring the trend seen in the advance data."

Taiwan: Price pressures ease back. "Consumer price inflation fell back by 1.1 percentage points in August, slipping to 4.8%, a three-months low and a belowexpectations reading."

• THIS WEEK'S MARKET-MOVING INDICATORS & EVENTS - Wroblewski/Ellis/Metiner, London/New York
• NORTH AMERICA
• OCEANIA
• JAPAN