Stocks mostly fall after US jobs report disappoints | Malay Mail

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NEW YORK, Oct 9 — Global stock markets mostly fell yesterday following weaker-than-expected US jobs data as oil prices continued to rise, adding to inflation worries. The much-anticipated US Labor Department report showed the United States added only 194,000 jobs last month, less than half the...

NEW YORK, Oct 9 — Global stock markets mostly fell yesterday following weaker-than-expected US jobs data as oil prices continued to rise, adding to inflation worries.

“It actually wasn’t as bad as it appeared,” JJ Kinahan of TD Ameritrade said of the monthly report, adding that the decline in hiring in schools skewed the overall figure. “I think we’re going to continue to have more elevated volatility and volatile sessions because you’re seeing the market pressures on interest rates in anticipation of the Fed at some point talking about when they are going to exactly start tapering,” he said.

 

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