Market Pulse - Usa
US close: Heavy losses on the Street as tech sell-off hits both the Dow and Nasdaq
Wall Street recorded some heavy losses across-the-board on Monday, with news of Apple's production cuts and Netflix's afternoon fall to a nine-month low hitting both the Dow Industrials and the tech-heavy Nasdaq.
FX round-up: Morgan Stanley cautious on cable, says it's time to sell the US dollar
A weak reading on a widely-followed gauge for US housing and doubts around the likelihood of a US central bank rate hike at the end of the year saw the pound register a slight gain at the start of the week, although some analysts continued to exhibit caution in the face of Brexit and its associated risks.
Bonds: Politics in focus on both sides of the Channel amid rally in US Treasuries
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Commodities: Gains for natural gas help offset losses in agricultural futures
Natural gas futures continued to move back towards their recent 52-week highs, alongside a small advance in crude oil futures.
Interest rates in the US still 'very low', Fed's Williams says
A key US central bank official appeared to indicate at the start of the week that interest rates were still headed higher.
Tim Cook says "inevitable" tech firms will face regulations
Apple CEO Tim Cook told Axios on Monday that tech companies will "inevitably" have to face regulations in order to prevent technology from being using for malicious purposes.
US open: Losses at the bell following news of Apple's planned production cuts
Trading on Wall Street kicked-off with across-the-board losses on Monday as news of Apple's production cuts hit both the Dow Industrials and the tech-heavy Nasdaq, even as investors continued to eye Sino-US trade relations.
China alleges top three chipmakers involved in price-fixing
China vowed to deepen a probe into Samsung, Micron and SK Hynix following what it said was the discovery of "massive evidence" that the world's three kargest chipmakers were colluding to rig prices.
Apple cuts production orders on new iPhone models - report
Apple has reportedly slashed production orders for all three of its new iPhones following lower-than-expected demand for the devices.
Babcock plays down write-downs
Babcock International played down a weekend report about a large write-down that the defence contractor will have to take to its accounts this week.