In other news
The yen has strengthened past ¥115/$ for the first time in more than a year and Japan’s benchmark 10-year yield fell in an unprecedented decline below zero.
Wall Street stocks have finished sharply lower, joining a European equity rout, as fears of an economic slowdown weighed especially hard on financial and technology shares.
Tokyo stocks have led a rout across Asian markets, while Japanese government bond yields turned negative, the dollar dived against the yen and gold jumped.
Oil prices have rallied after a three-day sell-off that saw the US benchmark sink back below $30 a barrel, analysts warned the ongoing supply glut will keep a lid on oil.
India has seen its growth exceeding economists’ estimates to overtake a slowing China, a pace Prime Minister Narendra Modi will be under pressure to sustain.
Emerging-market currencies have advanced, led by Russia’s rouble, shares in the Middle East climbed amid speculation Saudi Arabia and Venezuela will stabilise crude prices.
By raising prices as demand increases, Uber is able not only to influence demand in line with supply, it also can encourage more drivers to take to the road.
The dollar has extended its gains as a closely watched US jobs report fanned speculation that the Federal Reserve may hike interest rates as early as next month.