# Soft US jobs data lifts emerging market stocks, currencies 2026-08-10T06:15:01+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet Emerging-market stocks and currencies rose on Monday after Friday’s unexpectedly weak US jobs report raised hopes that the Federal Reserve will slow its pace of rate hikes. The MSCI gauge of developing-market stocks climbed 0.7 per cent, set to erase last week’s losses, while an index of emerging-market currencies added 0.2 per cent for a fourth day of gains. Indonesia’s rupiah led the advance. The gains came despite oil prices rising above $84 a barrel on tensions in the Middle East. Traders now await US consumer price data later this week. BNY strategist Wee Khoon Chong said the strength of emerging-market currencies was driven by last week’s drop in the US dollar, and that US CPI would be the key catalyst for near-term direction. Tech stocks including Taiwan Semiconductor Manufacturing Co. and SK Hynix Inc. contributed most to the equity index’s advance. Indonesia’s benchmark was also heading for a technical bull market on signs of a resilient economy. ## Coverage - livemint.com Tags: currencies, emerging markets, Federal Reserve, Oil prices, stocks, US jobs data Canonical: https://indianopinion.org/soft-us-jobs-data-lifts-emerging-market-stocks-currencies/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/soft-us-jobs-data-lifts-emerging-market-stocks-currencies/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.