Reuters

Britain’s pound bounced back on Monday from its biggest weekly drop in a year as markets took heart from Prime Minister Theresa May promises to ward off challenges to her leadership.

Oil prices stabilized on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Saudi Arabia would continue to restrain its output to support the market.

Business activity in China’s services sector grew at its slowest pace in 21 months in September as the pace of new business cooled, a private survey showed.

Hurricane Nate weakened to a tropical depression on Sunday after coming ashore in Mississippi as the fourth hurricane to hit the United States this year, flooding roads and buildings but sparing the state from catastrophic damages.

Hurricane Nate slammed the Mississippi Coast on Sunday with destructive winds and torrential rains that flooded streets and highways throughout the region as the fast moving Category 1 storm made landfall.

New Zealand’s small nationalist party which holds the balance of power after an inconclusive election held talks on Sunday with Prime Minister Bill English and separately with the opposition Labour leader as both try to form a coalition government.

Hurricane Nate may strengthen on Saturday, threatening to hit the U.S. central Gulf Coast with strong winds and storm surges after it killed at least 25 people in Central America.

A possible Labour-Green coalition narrowed the gap with the ruling National Party in New Zealand’s final election tally, strengthening their position ahead of talks on Sunday.

U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring.

The dollar rose to its strongest in 10 weeks on Friday and short-dated U.S. Treasury yields climbed to a nine-year high, after data showing the largest gain in U.S. wages since December 2016 bolstered bets on an interest rate hike by year-end.