Nonfarm payrolls

Hopes of loose monetary policy in US lift Turkish stocks

Turkish equities firmed on the first day of the week, boosted by lower-than-expected U.S. jobs growth raising the prospect that interest rates in the world’s biggest economy would stay low for longer.

Turkish stocks outpaced emerging markets after data that U.S. nonfarm payrolls grew by only 142,000 last month, far below the 225,000 forecast by analysts in a Reuters poll.