SE Asia Stocks-Fall as strong U.S. job data dampens deep rate cut hopes
Southeast Asian stock markets were down
on Monday as a strong showing in U.S. jobs data dampened
investor hopes of an aggressive Fed rate cut later this month.
U.S. nonfarm payrolls increased by 224,000 jobs as in June,
much more than the increase of 160,000 forecast by a Reuters
poll of economists.
“A fabulous job
on Monday as a strong showing in U.S. jobs data dampened
investor hopes of an aggressive Fed rate cut later this month.
U.S. nonfarm payrolls increased by 224,000 jobs as in June,
much more than the increase of 160,000 forecast by a Reuters
poll of economists.
“A fabulous job
Posted by Reuters
