Good news on jobs is bad for the markets. Wall Street futures have taken an immediate bath, as traders conclude that the strong US labor market will mean interest rates remain high for longer. The dollar is strengthening too, knocking sterling down by half a cent to $1.
US jobs report smashes forecasts with 336,000 new hires in September – business live
Business News News
Rolling coverage of the latest economic and financial news, as UK house prices record biggest fall since 2009 on an annual basis