Thank you for your participation. At Network Rail, union members have been denied bonuses because of their decision to go on strike for eight months.
RMT secretary Mick Lynch said the decision, which affects up to 20,000 employees, was “shameful”.
5 things to start your day
1) Michael Gove accused of punishing drivers for ‘London-centric’ building policy | Redrow president criticizes Level Up secretary for unrealistic approach to housing
2) Shapps warns energy chief of risk of backlash for forcing ‘luxury’ heat pumps in homes | Fear of ‘heat hammer type’ rebellion when introducing expensive heating system
3) London homeowner forced to cut £23,000 from asking price | Southwest expected to record biggest decline as rising mortgage costs hit capital
Four) City AM owed thousands of dollars to luxury hotels and restaurants before the acquisition | Debt Reveals Dire Financial Situation Before London Free Seat Collapse
Five) Germany Plans to Freeze Tenants’ Rents for Three Years | Landlords in the country face the prospect of payment locks and repayment of ‘high interest’ rates
what happened overnight
Asian stocks were mostly higher on signs that Sino-U.S. relations may improve after the two countries agreed to work together to facilitate economic ties, including business and trade.
U.S. Commerce Secretary Gina Raimond said on Monday that she and China’s Commerce Secretary had agreed to set up a group to exchange information on U.S. export controls and discuss other commercial issues.
Japan’s benchmark Nikkei Stock Average rose 0.4% in afternoon trading to 32,287.46.
Australia’s S&P/ASX 200 rose 0.5% to 7,197.50. South Korea’s kospi rose 0.3% to 2,551.54. Hong Kong’s Hang Seng Index he rose to 18,498.18 and the Shanghai Composite Index he rose 1.1% to 3,133.55.
On Wall Street on Monday, the S&P 500 index rose 27.60 points, or 0.6%, to 4,433.31. The benchmark index is still set to end August with a loss.
The Dow Jones Industrial Average rose 213.08 points (0.6%) to 34,559.98 and the Nasdaq Composite Index rose 114.48 points (0.8oc) to 13,705.13.
U.S. Treasury yields expanded overnight, with two-year yields dropping 6.5 basis points to 4.9855% and 10-year yields dropping to 4.1843%.