STI up for 4th day on weak US jobs data

Analysts say US rate hike next week highly unlikely with poor jobs report and upcoming "Brexit" referendum

Wed, Jun 08, 2016 - 5:50 AM

R Sivanithysivan@sph.com.sg@RSivanithyBT

PHOTO: BLOOMBERG

"BAD economic news is good news'', at least as far as stocks are concerned. This has been the case for eight years and so it remains. A shockingly weak US jobs report - the worst since 2010 - last Friday has enabled stocks to push higher largely because the probability that the US Federal...

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