1. ‘Crypto winter’ on the cards
Cryptocurrency is in the doldrums as Bitcoin and Ethereum fell for an eighth day and exchange Coinbase terminate a fifth of its staff.
2. Bond yield curve inversion portends US recession
The American bond yield curve has inverted before every recession since 1955 and inverted again on Monday, portending a downturn in six months to a year.
3. Bus and rail are sexy again
With FirstGroup, Go-Ahead and Stagecoach all on the block, the infra-like asset base benefits from fare rises and revenue secured by government contracts.
4. British Airways faces strikes this summer as staff get behind industrial action
A key trade union cast a ballot that showed 97% were in favour of industrial action after the airline failed to act following a 10% pay cut.
5. FTSE 100 ends weaker; workers suffer the biggest decline in real wages in two decades
The UK blue-chip index ended 18.35 points, or 0.3% lower at 7,187.46, well below the session peak of 7,271.85 but above the session low of 7,135.15.