SE Asia Stocks-Fall ahead of U.S. jobs data; Philippines hits over 1-wk low



By Anusha Ravindranath Oct 7 Southeast Asian stock markets fell on Friday, in line with Asian peers, ahead of U.S. jobs data due later in the day that could signal when the Federal Reserve would next raise interest rates. The number of Americans filing for unemployment benefits unexpectedly fell last week to a near 43-year low, data released on Thursday showed, boding well for Friday's closely-watched payroll report. Strong U.S. jobs numbers could fuel the possibility of a Fed rate hike later this year and ripple through markets. Economists polled by Reuters forecast nonfarm payrolls to... read more

 
7 October 2016 in World News, Views: 38
Source: Reuters
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