Oil futures rebounded on Friday on unease over Middle East stability and a growing doubt that China's government would be able to curb the country's appetite for fuel by pushing prices higher.

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SOUR SUMMER: The Dow Jones dropped 3.77 percent this week to end at 11,842.69 on Friday ahead of the upcoming meeting of the US Federal Open Market Committee
Whipsawed by fresh worries on the financial sector, Wall Street enters the summer season with investors in a sour mood ahead of a meeting of increasingly hawkish US Federal Reserve policymakers.

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REGIONAL ROUNDUP: Taiwanese shares may keep falling this week on low market confidence, dealers said
Asian stocks declined for the second week, led by banks, carmakers and technology companies, on concern credit-market losses could widen and slowing US demand could hurt earnings.

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The US dollar weakened against the euro on Friday on expectations of higher interest rates in the eurozone and a growing conviction that the US Federal Reserve would keep its rates on hold.

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Asian currencies posted a weekly gain, led by the South Korean won, on signs the government wants the exchange rate to strengthen after record oil prices pushed inflation to the fastest in seven years.

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European stocks fell to the lowest in three months this week on concerns that banks would post more losses and a US manufacturing index provided the latest evidence the world's largest economy is slipping into recession.

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