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KM Financial Solutions | SE Asia Stocks-Fall as strong US jobs data softens aggressive rate-cut hopes
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SE Asia Stocks-Fall as strong US jobs data softens aggressive rate-cut hopes

07 Jul SE Asia Stocks-Fall as strong US jobs data softens aggressive rate-cut hopes

Posted at 10:02h in News by
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Southeast Asian stock markets fell on
Monday, with Singapore shedding 1%, as strong U.S. jobs data for
June tempered hopes of sharp rate cuts by the U.S. Federal
Reserve.
U.S. government employment in June grew the most in 10
months, as overall non-farm payrolls increased by 224,000 jobs.
In contrast, only 72,000 jobs were added in May.

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