Stocks slide and dollar rallies as strong US jobs report dampens rate cut hopes – business live

US economy created 272,000 jobs in May, many more jobs than expected, but unemployment rate has risen to 4%

• UK house prices dipped 0.1% in May, up 1.5% year-on-year

Global food commodity prices have risen again, in a blow to households worldwide.

The United Nations world food price index rose for a third consecutive month in May, as falling prices for sugar and vegetable oil were counted by rising prices for cereal and dairy products.

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