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Sunday newspaper round-up: Universal basic income, Brexit polls, Port Talbot
Labour is considering backing the idea of a universal basic income – a radical transformation of the welfare state that would ditch means-tested benefits in favour of a flat-rate payment. John McDonnell, the shadow chancellor, who is keen to find policies to match his slogan of a “new economics,” will appear at the launch of a report on the proposal from the leftwing campaign group Compass in the House of Commons on Monday evening. - The Guardian.
Sunday share tips: Homebuilders, Atlas Mara
Earnings at their cyclical peak for the country´s main homebuilders means investors would do best to steer clear of the sector, The Sunday Telegraph´s Questor said.
Bonds: Yield on 10-year Gilts closes at record low after US jobs report
These were the movements in the most widely-followed 10-year sovereign bond yields:.
Commodities: Gold surges after US dollar takes hit
A much weaker than expected US jobs report for the month of May sent traders in the commodities patch scurrying to adjust many of their positions as the US dollar slid in reaction to the day´s main news.