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Data● Neutral for Indian equities
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
The brief
- The US added 29,000 jobs in September and unemployment rose to 4.2%
- Traders priced a 23% chance of a second Fed rate hike at its policy meeting later this month
- US rate expectations influence foreign flows into Indian equities and funding conditions for Indian companies
- Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- Asian shares fall amid bond and FX swings ahead of US jobs data