Market Pulse
US close: S&P 500 drops below technical support amid heightened volatility
Hawkish Fedspeak pushed longer-term US bond yields further up towards their pre-Brexit levels, triggering a notable spike in a widely-followed gauge of stockmarket volatility as the S&P 500 was left nursing its largest weekly loss since February.
Sunday newspaper round-up: Inflation, MPC, Tesco, Rolls-Royce, Morrisons
At their meeting this week, the Bank of England's rate setters are expected to pause and take stock of the impact on the economy of its recent interest rate cut, while UK inflation is set to continue its modest rise figures are likely to show. While inflation is likely to be boosted by the week pound in coming months, the Sunday Times said the City expected a slight rise for August, while analysts are confident the Monetary Policy Committee (MPC) will leave rates on hold but could ease further before the end of the year.
Sunday share tips: Dunelm Group, Green REIT, Redx Pharma
Buy shares in Dunelm Group, said the Sunday Times' Inside the City column. On Wednesday the home furnishings retailer is due to publish its first annual results under new chief executive John Browett. In the final three months of the year the FSTE 250 company - a sort of cut-price John Lewis that should do well if the economy suffers a slowdown post-Brexit - saw like-for-like sales fall 0. 6%, not helped by an earlier Easter and a extra week the year before, with total sales up 2.