Market to move on US jobs data

The domestic stock market should benefit from foreign interest spurred by dismal US jobs data that suggests the US Federal Reserve may hold off raising its key interest rates, while a lack of major local corporate news may keep domestic players on the sidelines, analysts said over the weekend.

Victor Immanuel Felix, equity research analyst at AB Capital Securities Inc., said that the investing community would be tracking the US jobs data, which is a key indicator of whether the Fed would raise rates this month.