The Traderszone Network

Published in TZ Latest News 8 March, 2015 by The TZ Newswire Staff

Strong U.S. jobs data raises odds of Fed rate rise, hits stocks

Asian stocks buckled while the dollar held firm on Monday after strong U.S. jobs data fanned expectations that the U.S. Federal Reserve may raise interest rates sooner than previously thought. Stock markets across Asia, including Japan’s Nikkei (.N225), Australia, Malaysia and Indonesia fell broadly, with MSCI’s broadest index of Asia-Pacific shares outside Japan dropping 1.2 percent. U.S. non-farm payrolls (NFP) data on Friday showed the unemployment rate hit a 6-1/2-year low of 5.5 percent in February.

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