Weak US jobs report may delay Fed rate hike, lift Singapore shares
Source: TheEdge Markets | Publish date: Mon, 6 Apr 2015, 07:19 AM | >> Read article in News website
SINGAPORE (April 6): Singapore shares may open higher on hopes that the Federal Reserve will delay raising interest rates, following a weaker-than-expected US nonfarm payrolls report released last Friday.
US employers added only 126,000 jobs in March, compared to 264,000 in February and 201,000 in January.
"(The) disappointing nonfarm payrolls can't be blamed on the weather or the shake-out in the oil & gas industry," Rabobank's senior US strategist Philip Marey wrote in a note to clients.
S-Reits CMT & CCT chiong ah!!