Asian markets sink again, US jobs data in focus

9 July 2016 12:00 am - 0     - {{hitsCtrl.values.hits}}

A A A

AFP - Asian markets fell yesterday morning, at the end to a volatile week dominated by the fallout from Britain’s European Union exit, with investors now turning their attention to the release of US jobs data.


The release of the June non-farm payrolls figures from Washington will be pored over for an idea about the Federal Reserve’s interest rate plans in light of the Brexit vote and following a surprisingly low reading in May.They also follow a week of losses across markets after the head of the Bank of England said the risks of leaving the EU were “crystalising” and British property investment funds suspended client withdrawals to prevent a run on them.

“While a strong June report is not going to ring alarm bells for an imminent rate hike, strong print tells the market that when the post-Brexit dust settles, the door will be open for the Fed to resume a path of interest rate normalisation,” Stephen Innes, senior trader at OANDA Asia Pacific, said in a note.

 

  Comments - 0


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




‘I’m scared to see her face’

On August 13, a woman happened to meet a child who was in desperate need of h

Kidneys that whisper death

A flute version of Beethoven’s ‘Für Elise’ was echoing from a distance

Burning Panamanian tanker leaves SL authorities gutted

Weeks after MV Wakashio, a Japanese-owned bulk carrier, ran aground a coral r

New Diamond on Fire

The fire has been contained, now where will the oil go?