You are here

WALL STREET INSIGHT

Boost for stocks from robust jobs growth despite lurking deflation risk with weak oil

Monday, February 9, 2015 - 05:50

BT_20150209_RCCOL9_1505341.jpg
US stocks gave back some of the week's gains last Friday after S&P cut Greece's long-term sovereign credit rating to B negative from B, citing liquidity constraints weighing on Greek banks.

STOCKS finished near records last week as surprisingly strong jobs data erased January fears that the US would follow weaker trading partners into a dangerous deflationary spiral.

The jobs report ticked almost every box on Federal Reserve chairwoman Janet Yellen's wish list. With 257,000

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom