Asian stocks drop after weak US jobs growth:
SINGAPORE — Asian stocks were lower Monday after a disappointing U.S. jobs report stoked concern that the world's biggest economy remains mired in weak growth.
The U.S. economy added a less than expected 80,000 jobs last month, the Labor Department said Friday. The tepid employment growth, which followed the first drop in U.S. manufacturing in three years, increases pressure on the Federal Reserve to implement monetary stimulus measures known as quantitative easing.
The release later this week of the minutes of the last Fed meeting might show whether the Fed is leaning toward more stimulus to boost growth. That could be a plus for Asia which relies on the U.S. as a crucial ma...
Keep on reading: Asian stocks drop after weak US jobs growth
SINGAPORE — Asian stocks were lower Monday after a disappointing U.S. jobs report stoked concern that the world's biggest economy remains mired in weak growth.
The U.S. economy added a less than expected 80,000 jobs last month, the Labor Department said Friday. The tepid employment growth, which followed the first drop in U.S. manufacturing in three years, increases pressure on the Federal Reserve to implement monetary stimulus measures known as quantitative easing.
The release later this week of the minutes of the last Fed meeting might show whether the Fed is leaning toward more stimulus to boost growth. That could be a plus for Asia which relies on the U.S. as a crucial ma...
Keep on reading: Asian stocks drop after weak US jobs growth
Comments