LONDON, June 9 London stock exchange futures sank, gilt yields fell and the pound dived below $1.27 for the first time in almost two months on Friday as odds tightened on Labour leader Jeremy Corbyn becoming the next British Prime Minister after UK elections.
With trading volumes extremely thin out of London hours, FTSE futures were quoted down 0.2 percent as voting results began to come in, backing projections that showed Prime Minister Theresa May losing her overall majority in parliament.
10-year gilt yields also fell around 5 basis points from closing levels in London on Thursday, according to indicative data quoted by Tradeweb on Reuters systems, suggesting shocked investors will seek the security of bonds when markets reopen properly in London on Friday. (Writing by Patrick Graham)
CORRECTED-PRECIOUS-Gold steady ahead of US data this week, weaker dollar supports
(Corrects first bullet point to "high", not "low", and last bullet point to "this week", not "next week") BENGALURU, June 26 Gold prices were little changed on Monday as the market waited for a flurry of key U.S. economic data this week, with a weaker dollar offering some support. FUNDAMENTALS * Spot gold was nearly flat at $1,256.06 per ounce at 0050 GMT, staying near a one-week high hit on Friday. * U.S. gold futures for August delivery
Walt Disney's Disneyland presentation map fetches $708,000 at auction
June 25 Walt Disney's "presentation map," which the late animation entrepreneur drew in the 1950s to attract investors to the idea for his legendary theme park "Disneyland," sold for $708,000 at an auction of Disney memorabilia on Sunday.