US stock indices rocketed to fresh records as markets digested disappointing US jobs data, while political upheaval in France lifted the European country’s borrowing rate.

The US Labor Department estimated that 911,000 fewer jobs were created in the United States than previously reported in a revision to data for the 12 months ending in March.

The figures suggest the job market has been slowing for longer than previously thought, further bolstering the odds of Federal Reserve interest rate cuts following poor monthly reports for July and August.

After last month’s big miss on US jobs creation, “these revisions suggest that jobs momentum is being lost from an even weaker position than originally thought,” said analysts at ING.

Investors are now looking to consumer inflation data coming

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