london jan 7 reuters  wall street headed for a lower start on friday as investors sought to interpret a mixed bag of payrolls numbers before the final session of a rollercoaster first trading week of the year us employment rose by a lessthanexpected 199000 jobs last month as the impact of a resurgent pandemic bites well below the 400000 forecast by economists but data for november was revised higher the unemployment rate dropped to underscore tightening labour market conditions sp 500 emini stock futures and nasdaq futures  which had been firmer ahead of the data turned weaker pulling european shares towards their low for the day as investors studied the payrolls data for clues to the pace of anticipated interest federal reserve rates hikes after a start to 2022 marked by new highs the mood changed on wednesday after minutes from the feds december meeting signalled the central bank may have to raise interest rates sooner than expected wall street steadied by thursday evening though analysts at ing bank said the minutes were still reverberating across markets driving bond yields higher hitting growth stocks and supporting the dollar in terms of any effects on monetary policy its going to be minimal at best right now because the path for monetary policy right now is pretty clear cut said art hogan chief market strategist at national securities in new york the takeaway is probably this gives the fed cover to move in march which was the earliest end of expectations prior to the report added thomas hayes chairman and managing member of great hill capital oil was heading for its best weekly gains since middecember fuelled by supply worries as unrest worsened in kazakhstan where an internet shutdown hitting the global computing power of the bitcoin network helped to send the cryptocurrency to its lowest level since september the msci all country stock index miwd00000pus was slightly firmer at 74423 points though still down 2 from a record high on tuesday in europe the stoxx stoxx index was off 05 at 485 points also off about 2 from a record high on tuesday the yield on benchmark 10year treasury notes was last at 17655 from 17461 before the payrolls data release euro zone inflation rose unexpectedly last month to 5 from 49 in november a record high for the currency bloc though unlike the fed the european central bank says prices will ease enough this year to avoid the need for rate hikes read more euro zone economic sentiment dropped more than expected as the omicron variant of coronavirus sweeps across europe read more asian shares mostly rose on friday snapping two days of losses mscis broadest index of asiapacific shares outside japan miapj0000pus climbed 07 boosted by gains in australia where the local benchmark axjo climbed 13 led by bank stocks japans nikkei n225 was little changed an index of hong konglisted mainland property stocks hsmpi jumped 46 on media reports that chinese policymakers plan to exclude debt accrued from acquiring distressed assets when assessing debt ratio compliance read more the dollar was set to notch broad weekly gains hitting a fiveyear peak on the yen at 11635 on tuesday  hovering around 11584 on friday oil prices rallied which some analysts linked to news that russian paratroopers had arrived to quell unrest in kazakhstan though production in the opec producer country remains largely unaffected so far read more brent crude futures rose 07 to 8273 a barrel and us crude rose 07 to 8017 spot gold stood at 1790 an ounce slightly firmer on the day after touching a twoweek low of 178825 on thursday as rising us treasury yields hurt demand for the noninterest bearing metal bitcoin dropped 37 to around 41483 after hitting its lowest since late september as the hawkish fed minutes also sapped appetite for riskier appetites reporting by kanupriya kapoor in singapore stella qiu in beijing and alun john in hong kong editing by kenneth maxwell edwina gibbs elaine hardcastle william maclean barbara lewis