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14-03-2018 04:01:34

WASHINGTON, June 4 (Xinhua) -- The odds for an interest rate hike by the U.S. Federal Reserve next month diminished after disappointing U.S. jobs data battered the stock market and the U.S. dollar on Friday.

The Labor Department report showed that the United States added 38,000 jobs in May, the lowest monthly gains in almost six years and far below the average market expectation of around 160,000.

The job increases in March and April were also revised downward, with the combined job gains in these two months at 59,000, less than previously reported.

Analysts described the jobs data as "a bombshell" that significantly reduced the odds of an interest rate hike by the Fed in July.

"There was almost nothing good in the U.S. jobs report for May -- and remember the jobs report for April was not strong either," the research team of Danske Bank said. "We think a summer hike is now very unlikely."

The Fed is expected to have a regular monetary policy meeting from June 14 to June 15 to decide on whether to increase the key interest rate.

With a referendum in Britain scheduled for June 21 on whether the country should remain within the European Union or not, the market has expected the Fed to put the interest rate on hold in June. However, the market had seen it likely for the Fed to raise the interest rate in July.

The U.S. stock markets closed lower on Friday, with the Dow Jones Industrial Average down 0.18 percent, the S&P 500 down 0.29 percent and the Nasdaq Composite Index 0.58 percent, respectively.

The U.S. dollar dropped against other major currencies. The dollar index, which treasures the greenback against six major peers, was down 1.58 percent at 94.050 in late trading.

In late New York trading, the euro rose to 1.1340 dollars from 1.1152 dollars of the previous session, and the British pound increased to 1.4515 dollars from 1.4430 dollars. The dollar bought 106.74 Japanese yen, lower than 108.84 yen of the previous session.

Meanwhile, oil prices ended lower on Friday on the downbeat jobs data and the failure at a meeting of the Organization of the Petroleum Exporting Countries (OPEC) to set an oil output quota.

The West Texas Intermediate for July delivery lost 55 cents to settle at 48.62 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery decreased 40 cents to close at 49.64 dollars a barrel on the London ICE Futures Exchange.

Nevertheless, investors are still putting their eyes on the expected speech by Fed chair Janet Yellen on Monday in Philadelphia.

"We stick to our view that the Fed will hike in September but we need to see a rebound in employment so risk is skewed toward a later hike," the Danske research team said.

"The probability of a June hike according to market pricing has fallen from around 30 percent to 10 percent, July from 70 percent to 40 percent and September from around 85 percent to 60 percent. A hike this year is no longer fully priced in," it added.

BANGKOK Herre Air Max 97 2017 Retro Hvid Danmark , June 12 (Xinhua) -- Thailand's anti-coup activist Sombat Boonngamanong has been formally charged with inciting unrest, violating the Computer Crime Act and defying the order of the military junta Herre Air Max 97 2017 Retro Sort Guld Danmark , Pol Col Prasopchoke Prommun said Thursday.

Sombat denied all the charges after the military handed him over to the Crime Suppression Division (CSD) of the Royal Thai Police on Thursday morning, said Prasopchoke Dame Air Max 97 Shockproof Coral Lyserød Danmark , deputy commander of the CSD.

Later, Sombat was taken by the police to the Bangkok Military Court Herre Air Max 97 Ultra Sort Hvid Danmark , which has yet to decide whether to approve his release on bail, Prasopchoke said.

Sombat was arrested by the National Council for Peace and Order (NCPO) on June 5 after having defied the NCPO's order to report in and allegedly used social networks to spearhead a number of sporadic and small-scaled anti-coup rallies.

The NCPO has banned political gatherings of five people or more since the May 22 coup.

In a related development Herre Air Max 97 Ultra Sort Danmark , deputy Bangkok police chief Pol Maj Gen Amnuay Nimmano on Thursday threatened to arrest those who post anti-coup messages on social networks.

The Bangkok Metropolitan Police Bureau is now collaborating with the Technology Crime Suppression Division to track down people who post messages deemed as instigating anti-coup or anti- junta protests, Amnuay said.

Anyone who shares anti-coup messages will also violate the law and could face arrest Air Max 97 OG Undefeated Sort Rød Danmark , he added.

Earlier, Jakrapob Penkair Air Max 97 OG Undefeated Sail Speed Rød Hvid Danmark , a fugitive co-leader of the United Front for Democracy against Dictatorship, or "red shirts Herre Air Max 97 2017 Retro Sølv Danmark ," wrote on his Facebook page that an anti-coup organization had been formed overseas, without giving details as to which foreign country had been chosen as the organization's base.

Jakrapob Herre Air Max 97 2017 Retro Guld Danmark , a former cabinet minister, has taken self-exile overseas over the last several years and is widely known to have been staunchly loyal to former premier Thaksin Shinawatra.

NAIROBI, March 30 (Xinhua) -- Athletics legend Paul Tergat has thrown his hat into the ring and will be vying to lead the Kenya's Olympic committee in the national election scheduled for May 5.

Tergat, a two time Olympic silver medallist, has taken off the lid over his plans saying he no longer sees the current team as best to carry the country forward. The National Olympic Committee of Kenya (NOCK) is currently headed by another legend Kipchoge Keino.

"I have worked hard to represent this great country at international championships against all odds. I have earned my spot and I believe time has finally come for me to take the mantle and lead our sports to greater success," said Tergat here on Thursday.

Tergat, who is also a five-time World Cross Country champion, said he will focus on improving the welfare of the athletes and all sportsmen.

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