India, Sept. 4 -- A vastly higher-than-expected payrolls data from the U.S. for the month of August has jolted global markets on Friday morning. Markets ramped up Fed rate hike expectations which had cooled earlier following dovish comments from a Fed official.
Data released by the U.S. Bureau of Labor Statistics showed an addition of 162 thousand to non-farm payrolls in the month of August, versus an upwardly revised level of 21 thousand additions in July. Markets had anticipated an addition of 56 thousand only. The unemployment rate however remained steady at 4.1 percent in line with expectations.
Wall Street Futures are trading below the flatline. Major benchmarks in Europe are trading on a mixed note. Earlier in the day, Asian markets...