India, Oct. 5 -- The US jobs report for September came in much weaker than expected, changing market expectations for the Federal Reserve's October meeting. The US economy added only 29,000 jobs in September, far below economists' expectation of 90,000 jobs.

The unemployment rate also increased to 4.2%. The weak jobs number suggests that the US labour market is cooling rather than overheating. Investors welcomed the report because a weaker labour market means the Fed has less immediate pressure to raise interest rates. The S&P 500 gained on Friday after the report, although it still ended the week roughly where it had started.

The September report was a sharp change from the stronger labour-market performance seen in August. BNP Paribas...