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Data▲ Bullish for Indian equities
US jobs growth falls sharply to 29,000 in September; rate-hike bets tumble, futures surge
The brief
- US employers added 29,000 jobs in September, below expectations of 84,000–90,000
- Rate-hike bets tumbled and futures surged after the weak jobs figure
- Bets on an October Fed rate hike fall as US job market cools
- Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
- Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- US adds 29,000 jobs in September as unemployment rises to 4.2%
- Asian shares fall amid bond and FX swings ahead of US jobs data