Emerging-Market Stocks, Currencies Gain After Soft US Jobs Data

Emerging-market stocks and currencies rose Monday after the U.S. reported 227,000 jobs added in December, below economist expectations. The weaker-than-forecast employment data reduced market expectations for Federal Reserve interest rate increases in coming months. The S&P 500 fell 0.8 percent and the Nasdaq declined 1.2 percent on the day, while emerging-market indices gained as investors shifted toward higher-risk assets.

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