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Market Watch
Markets remain buoyant on positive US and China news flows, but geopolitical clouds hover
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Fears of a recession have been pushed to the back burner as the US economy added 254,000 jobs in September, outstripping economists’ expectations.
PHOTO: AFP
SINGAPORE - Despite heightened geopolitical concerns, global risk equities continued to rise last week, thanks to positive news flows from the world’s two largest economies.
Following China’s surprise roll-out of a huge stimulus package to jump-start an ailing economy and boost consumer spending a week ago, the latest jobs data from the US released on Oct 4 suggests that the world’s biggest economy remains robust, with no signs of slowing.
