Global equities rose on Friday due to expectations of a U.S. interest rate cut. Traders anticipate a cut during the Fed’s meeting on September 17. Long-dated European yields dropped from multi-year highs, while concerns over rising oil supply and weakening demand caused oil to face its first weekly loss in three weeks.

President Trump lowered U.S. tariffs on Japanese automakers, benefiting larger companies. Gold prices increased, on track for the best weekly gain in three months. Twenty-six nations pledged postwar security guarantees to Ukraine. Concerns over Treasuries’ stability have central banks turning to gold.

Abu Dhabi National Oil Company’s $18.7 billion bid for Santos faces challenges beyond the money offered. Weekend reading suggestions include articles on the dollar, global economy weaponization, critical metals, and political flashbacks. Gold’s surge this week is attributed to Fed rate cut expectations. U.S. August nonfarm payrolls are a key event to watch.

Read more at Yahoo Finance: Morning Bid: All eyes on jobs