FTSE 100 Live 4 June: US jobs slowdown boosts rate-cut hopes, Ocado slides

Ronald Temple, Chief Market Strategist at Lazard, said: “The evidence is accumulating that the Fed should begin easing. The number of unfilled jobs per unemployed worker has decreased from 2.0 to 1.24, and fewer workers are quitting each month, clearly signaling fewer opportunities to earn higher wages by switching jobs. Today’s labor report taken together with April’s improved inflation data should cause investors to start raising the odds of Fed rate cuts.”