Economy

The U.S.-Israeli strikes on Iran over the weekend gave way to a week with topsy-turvy markets, spiking mortgage rates and higher prices at the pump.

Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.

Daly told CNBC on Friday that the weak February jobs report adds to a difficult policymaking environment.

The UAE is considering freezing billions of dollars of Iranian assets held in the Gulf state, potentially severing one of Tehran's most critical economic lifelines.

Economists surveyed by Dow Jones expect payroll growth of 50,000, following January's surprisingly high 130,000.

Middle East conflict has posed a fresh test to central banks, with fears of an oil shock and renewed inflation risks changing their bid to shore up growth.