Monday 5 October 2015

Asian shares rally on dovish Fed expectations

Asian equities kicked off the trading week on a positive note after a weak US employment report on Friday cooled expectations that the Federal Reserve will start raising interest rates soon. 
Markets in China remain closed until Wednesday for National Day holidays. September's closely-watched jobs report showed the US economy created 142,000 jobs, far below the expected 203,000. 
Unemployment held at 5.1 percent while the participation rate plunged to 62.4 percent, according to the Labor Department.
 


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