Markets sell off on weak US jobs data

Bureau of Labor Statistics data revealed unemployment rose unexpectedly in May, to 8.2%, from 8.1% in April. The number of unemployed grew to 12.7 million. The data , widely seen as a key indicator of the economy's recovery, has spooked already nervous markets, fuelling fears of a global economic slowdown. The news forced UK shares down to day lows, with the FTSE 100 down 1.64% at 5,223.83, a six-month low. Yields on 10-year US Treasuries also plummeted to 1.44% after the news, the lowest ever level recorded. This is substantially lower than the previous record of 1.67% that was...