16:02 Thu 03 Jun 2021
FTSE 100 off worst levels but still in the negative as Wall Street slips after strong economic data
The UK blue chip index and US markets under pressure as buoyant service sector figures and strong American jobs market rekindle inflation concerns
FTSE 100 down 44 points
US stocks open lower
4.02pm: US service sector surges
The strong US jobs data has rekindled investors concerns about inflationary pressures, and the idea that central banks might have to ease their support for the economy as a consequence. Which would mean, among other things, a rise in interest rates.
Adding to the signs of a strong US economy was the latest service sector survey.