Fears of global rate hikes as US jobs surge 

Growth in job numbers September suggests the labour market remains strong enough for the US Federal Reserve to raise interest rates again this year

In the US, Big Tech stocks fell: Shares in Nvidia, Meta Platforms, and Amazon as much as 0.8%.

Global market were hit after a strong US jobs report deepened fears interest rates may stay elevated for an extended period.

The growth in job numbers surged in the US in September, suggesting the labour market remains strong enough for the US Federal Reserve to raise interest rates this year, though wage growth is moderating.