Market Pulse
Chinese new home price growth slows in May
Home prices increased in China in less cities in May than during the previous month, pointing to a possible easing in the pace of recovery in home values.
Bonds: Yields on Gilts end lower for a third week
These were the movements in the most widely-followed 10-year sovereign bond yields:.
Commodities: Gold positions back near record highs on Brexit worries, oil rebounds
A large rally in crude oil futures sent the Bloomberg Commodity Index sharply higher, alongside considerable gains for soft commodities, while gold drifted lower as worries around a possible Brexit ebbed on Friday.
US close: Health and big-tech send S&P 500 to second weekly drop
Losses in health and large-cap tech stocks weighed on Wall Street at the end of the week, amid higher-than-usual trading volumes following the quarterly expiry of futures and options tied to equity indices and individual stocks.
Brexit would not bring fiscal benefits to UK, rather the opposite, IMF says
The short-term outlook for the UK economy is relatively positive, the International Monetary Fund said, under the assumption that the country opts to remain within the European Union.
Sunday newspaper round-up: Brexit bets, airlines, CMA probes, Lloyds lock-up
Currency traders are betting sterling will slip to an all-time low against the euro of €1. 05-1. 20 if Britain votes to leave the European Union, eclipsing Black Wednesday in 1992. Currency contracts have recently suggested that investors believe the pound will probably tumble against most major currencies in the event of a Brexit vote EU, the Sunday Telegraph reported, with the fall also likely to bring the pound close to 1985's all-time low against the dollar of $1.
Sunday share tips: Housebuilders, banks, Circassia, Belvoir Lettings
Property companies, housebuilders and banks are most in danger from a potential Brexit vote, warned Questor in the Sunday Telegraph, while companies thought to be safer, like precious metals miners Randgold Resouces and Fresnillo have already benefitted, as has Shell. "The vote is so finely balanced, we would not advise taking a position. But moving risk away from banks and housebuilders might be sensible," the column advises. Property groups have lost much ground in anticipation of a potential vote for the UK to leave the European Union as the overseas demand that has driven prices up in recent years is likely to be crimped off, especially in London.
Latest polls reveal small lead for Remain
The first phone poll conducted entirely after last Thursday's tragic killing of MP Jo Cox showed 'Remain' in the lead.