Stocks and dollar stall ahead of US jobs data; oil gains on Gulf tensions

Global stocks headed for their strongest weekly gain since May, steady ahead of US jobs data, while oil rose as Houthi attacks on Saudi Arabia revived Middle East tensions. The MSCI All-World index has risen 2.3% this week. Investors await US payrolls forecast at 80,000 new jobs for July; unemployment expected at 4.2%. Traders are split on a Fed rate hike, with strong data likely to reinforce higher-for-longer rates. Brent crude gained 1% to $83, still heading for a 7% weekly loss. Iran is reviewing a bill to bar hostile vessels from the Strait of Hormuz. Gold rose over 6% to $4,289 an ounce.