US economy adds fewer jobs than expected amid global recession fears – business live

Rolling coverage of business, economics and markets as investors focus on chances of Federal Reserve interest rate cutsBP chief executive Bob Dudley to retire after a decade at helmCity regulator threatens to ban automatic insurance price risesJohn Lewis seeks discounts from landlords on rising feesUK car sales rise less than hoped as Brexit uncertainty bites 2.41pm BST The main US benchmark indices have all risen as expected at Wall Street’s opening bell: the Nasdaq led with a 0.4% gain, while the Dow Jones industrial average and the S&P 500 rose by 0.3% apiece.Apple shares were a big driver of gains thanks to reports in the Nikkei Asian Review that suppliers have been asked to increase production of the iPhone 11 by as much as 10%. 2.21pm BST US stock market futures are indicating gentle increases are in store at the opening bell on Wall Street.The S&P 500 and Dow Jones industrial average are both set to gain 0.2%, while the Nasdaq should gain 0.3%. Continue reading…
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