Of japan. It was a failed auction in japan, not completely failed, not a good option, the worst we have seen the last couple of years. Jgb marketsg the getting a bit of a fright because the boj is likely to step away. And the pension fund out of japan is going to be potentially foreign butsifying currencyhedged bonds as being domestic, taking some of the bid away from the market. We saw a six basis point move. 12 basis points over the last month. That is a massive move. Vonnie here in the u. S. , after the ism data came in, we saw stocks take a turn. The s p was positive by as much as half a percent. Orer times when we got bad less good data, it sent markets higher, because it was thought the fed might become more dovish. We are back to the old way of things, where bad data equals a selloff. You can see the dow is down 0. 6 . A similar story for treasuries. The high on the 10 year yield we are right down to one point 62, a 13 basis point move down to 1. 62, a 13 basis point move in a f
We did get japanese factory orders which were disappointing down 7. 8 in may they were expected to fall only 5 were down full 1. 5 as you can see in hong kong a little more than that in shanghai 2. 6 . European equities are lower, down around about 0 where do we look on the screens 0. 1 there we go, down 0. 2 in france, italy holding on to slight gains we did get some better than expected german Industrial Production data up 0. 3 in may. It was expected to fall slightly treasury yields back about 2 . Similarly the german yield is back above 0, negative 0. 4 and were up 0. 23 . Deutsche bank announcing it will pull out of Global Equity scales, scale back Investment Banking and slash 18,000 jobs as part of a Global Restructuring plan you have been following this story obviously throughout the weekend. And i thought your comments earlier with dom chu were interesting. You sort of term this as ripping the band aid off. Finally. Perhaps a little too late. Finally exactly. So 18,000 had cut
Stability concerns, the steel group said it had been forced to make the closures earlier than previously planned because the equipment can no longer run safely. Coke ovens are used to turn coal into coke, a key raw material used in the process of making steel. The former making steel. The former environment minister Zac Goldsmith , has been banned from goldsmith, has been banned from driving for a year. Its after he was caught breaking the speed limit seven separate times. Driving in london between april and november last year, the conservative peer was also caught speeding on two motorways, most recently in december in his hybrid electric car. December in his hybrid electric can he december in his hybrid electric car. He pleaded guilty to all the offences and was fined 5500 pounds and ordered to pay a surcharge of 2000 plus costs. Surcharge of 2000 plus costs. The governments been warned that the sales of heat pumps will need to increase dramatically to achieve Climate Change targets.
Steel, will begin shutting down operations at its site in port talbot from wednesday. Thats due to what theyre calling stability concerns, the steel group said it had been forced to make the closures earlier than previously planned because the equipment can no longer run safely. Coke ovens are used to turn coal into coke, a key raw material used in the process of making steel. The former making steel. The former environment minister Zac Goldsmith , has been banned from goldsmith, has been banned from driving for a year. Its after he was caught breaking the speed limit seven separate times. Driving in london between april and november last year, the conservative peer was also caught speeding on two motorways, most recently in december in his hybrid electric car. December in his hybrid electric can he december in his hybrid electric car. He pleaded guilty to all the offences and was fined 5500 pounds and ordered to pay a surcharge of 2000 plus costs. Surcharge of 2000 plus costs. The gov
He was caught breaking the speed limit seven separate times. Driving in london between april and november last year, the conservative peer was also caught speeding on two motorways, most recently in december in his hybrid electric car. December in his hybrid electric can he december in his hybrid electric car. He pleaded guilty to all the offences and was fined 5500 pounds and ordered to pay a surcharge of 2000 plus costs. Surcharge of 2000 plus costs. The governments been warned that the sales of heat pumps will need to increase dramatically to achieve Climate Change targets. The government wants to install 600,000 low carbon heat pumps annually by 2028, but the National Audit office said ministers had been too optimistic to think that target could be reached, despite the governments climate aims, only 55,000 heat pumps were sold in the uk in 2022. The independent public spending watchdog saying efforts to encourage people to install them have been slow because costs are high and Publ