We are just crawling back to flat on the nasdaq. P half a percent. Big moves in treasuries, if you can call it that. Except two basis points on the 10 year. The dollar index relatively unchanged, although other currencies have seen strong swings against the dollar this week. The mexican peso stronger by. 4 . Yen also stronger but are 3 . Lets stick with treasuries and the relatively large moves this week. The industry has more than 12 trillion of assets but record low yields on treasuries are causing a problem for the industry expected to deliver annual returns in the high Single Digits. For more on the subject, we welcome brian chappatta. It seems like maybe once upon a time but right now nobody has an expectation of high Single Digits for their 401 k s or Pension Funds more general. You are not getting it in treasuries. When i was talking about pensions staying away from treasuries, the 30 year bond yield was at 1. 4 . Morning, 1. 24 this which is rare in the fixed income market. Tre
The latest. Dani definitely a mixed session. The stoxx 600 down. It is a macro heavy trading day between the u. K. Election, Central Bank Decisions and that the tariff deadline, we have traders on the sideline. Expandedy has really for sterling. Cable down about 0. 1 , but still trading at that 1. 31 handle. This is a conservative government priced in. Upside is really limited. We have seen sterling fall after the poll showed the conservatively it cut by about half and the concern is the Hung Parliament that would throw into concern the outcome of brexit. Some strategists have said that sterling may fall as low as 1. 22 if we do get a Hung Parliament. Brent down about 0. 5 tonight. We are seeing brent trade just under 64 a barrel. The aramco ipo hitting the 10 limit with shares surging so far today. Looking at some of the individual movers we have seen in the market. Jd sports is one of the biggest lacquers in the stoxx 600 laggers in the stoxx 600. Its biggest shareholder sold 2. 4 of
Part in any more talks. Part in any more talks. What we cannot have is an inflationary pay increase before we break for the recess. We settled all the pay disputes based on the pay review bodies and for example, the teachers accepted the pay review body recommended action as the government did, and are not no longer striking. So i regret very much that the doctors have chosen to strike again. I chosen to strike again. I totally recognise that this has a negative impact on patients experience. Experience. West Yorkshire Police says the autistic girl arrested by police for making an alleged homophobic remark will face no further action. A warning some viewers may find the following footage distressing. Well, shes now been released, but this video circulating on tiktok shows a 16 year old autistic girl being detained by seven officers outside her home in leeds. That prompted a complaint ont its understood she told her mother that one of the Police Officers looked like her grandmother, who
Union has announced a fresh strikes for around 20,000 of its members. Rmt workers at 14 train operators will walk out on august the 26th and september the 2nd. Its part of the ongoing dispute over pay , jobs ongoing dispute over pay, jobs and conditions. The union says its been left with little choice but to take further action as its seen no improved or revised offer from the rail delivery group. The Health Delivery group. The Health Secretary says the latest four day strike by Junior Doctors , day strike by Junior Doctors, which started today, serves only to harm patients. Protesters have been gathering outside downing street. Its the fifth downing street. Its the fifth time theyve staged a walkout this year in their ongoing dispute over pay. The british dispute over pay. The British Medical Association says its been left with no choice. Been left with no choice. According to the nhs, almost 835,000 appointments have been postponed since industrial action began in december. Chief sec
and that s bbc news at ten there s more analysis of the day s main stories on newsnight with kirtsy wark which is just getting underway on bbc two the news continues here on bbc one as now it s time to join our colleagues across the nations and regions for the news where you are but from the ten team it s goodnight. donald trump was in a miami court tonight facing criminal charges for allegedly stashing classified us government documents in mar a lago. but will his presidential ambitions be hindered or helped? a motorcade, media circus and crowds of protesters as donald trump pleads not guilty to 37 criminal charges in a federal court. could today be the moment some in the republican party abandon the former presidenter? we ll be joined by his former lawyer and the us pollster frank luntz. also tonight. we ll have the latest news from nottingham where two students and a middle aged man were murdered in the early hours of this morning. a 31 year old man is in custody. pr