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Evening Standard

Jeremy Cutler

FTSE 100 down as US jobs market stalls in August

United States Admiral British Petroleum FXStreet Halifax Persimmon Shell United Kingdom

Money is stacked in front of the London Stock Exchange website (PA) - (PA Archive)

The FTSE 100 gave back early gains to close lower on Friday as a weak US jobs report boosted hopes of rate cuts, but also raised fears the world’s biggest economy was slowing.

“The [US] labour market is in a precarious position,” said analysts at Wells Fargo, putting the Federal Open Market Committee in a position “where it will imminently start cutting the federal funds rate”.

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