The Wimbledon finals take place this weekend, with Britons' hopes pegged on Scot Andy Murray winning the grand slam tournament for the country for the first time in 71 years. Jeremy Scott from Extrabet discusses who the punters will be putting their money on.

Tokyo stocks fell for the third straight session Friday, ending 0.6% lower. The Nikkei's Nozomu Kitadai has the details.

Apparently U.S. employees who have lost their jobs but still receive severance payments are not included in the jobs report. So was Thursday's big number of 467,000 understating the damage? Howard Wheeldon from BGC Partners and Ralph Silva from TowerGroup discuss.

Leaders of the Group of Eight meet in Italy next week to discuss the economic crisis, protectionism, Iran, aid for Africa and climate change. "Many of the leaders have said it really is too small a group, at this point, to deal with the nature of the problems," Tim Condon from ING Financial Markets said.

We should not "jump the gun" and believe that we should be seeing all the economic numbers coming out on a positive level as we "still have a lot of turmoil to go," Ralph Silva from TowerGroup said. He sees the recovery starting at the end of the summer, with the US lagging behind Europe and Asia.

The initial public offerings of shampoo-maker Bawang and China's Qinfa were successful in Hong King Friday. "Investors generally are very interested in any IPOs coming out of China…The growth outlook for the Chinese economy is so convincing," Dariusz Kowalczyk from SJS Markets said.

Spiraling global government debt prompted the creation of the first tradable indexes tracking the risks of countries defaulting. Data-provider Markit launched 4 indices of credit default swaps used as insurance against bond defaults. Niall Cameron from Markit discusses the launch.

The UK services sector expanded for the second consecutive month in June, but the pace of the recovery slowed. "It's a normal thing that in a recovery you have slight erratic movements in the indices and we do think that this recovery is going to continue," Jan Poser from Sarasin said.

Thursday's big selloff was caused by people looking for a way to exit the markets before the long weekend and the worse-than-anticipated jobs number was the catalyst they needed, Stephen Pope from Cantor Fitzgerald Europe said. He and Pierre Gave from GaveKal Holdings see investors picking up stocks next week.

"We're really going to see more of a sideways market for a while. Investors are very cautious; they've been whipsawed coming out of the fall and winter with really bad economic news and now they're being told it's all about inflation and slower recoveries," Ken Kamen, president of Mercadien Asset Management said Thursday.

The Nikkei 225 fell for the second straight day Thursday, down 0.6%, due in part by the anticipation of the US jobs data report. Makiko Utsuda from the Nikkei has the details.

Unemployment will continue to rise for at least the next few months in the US, according to Ken Kamen, president of Mercadien Asset Management. “We’re seeing continued weakness, but like everything, it’ll turn around,” he told CNBC Thursday, before the US jobs data was released.