UK Deputy PM David Lammy resigns.

Blackstone-owned Indurent begins early investor engagement for a potential London listing or sale valued at £6 billion.

WTI crude oil surged 7% intraday, breaking above $93/barrel; Brent crude rose over 5% to $95.31/barrel.

UK June core CPI came in at 2.6% year-on-year, matching the previous reading and above the 2.5% estimate.

UK June CPI rose 0.1% month-on-month and 2.6% year-on-year, below estimates; core CPI year-on-year was 2.6%, above the estimate; services inflation eased to 3.6% year-on-year.

UK June core CPI month-on-month actual came in at 0.3%, matching the previous 0.3%.

President Trump said he would handle a possible Red Sea blockade if it occurs.

UK unemployment change actual is 6.7K, against a forecast of 29.4K and a previous of 31.2K.

John Healey has been named UK Chancellor of the Exchequer.

Gilt prices fell further after UK Prime Minister Burnham's comments on fiscal rules.

European indices show mixed performance: France's CAC 40 down 0.45%, Spain's IBEX down 0.45%, Britain's FTSE 100 up 0.12%, and Germany's DAX down 0.35%.

UK monthly GDP for May was 0.7% on a three-month/three-month basis, matching the previous reading and beating the 0.5% estimate.

Eurostoxx 50 futures rose 0.2%, DAX futures were flat, and FTSE futures fell 0.3%.

UK Treasury expects at least one Bank of England rate hike in 2026.

Rathbones Asset Management reduced its UK government bond holdings to avoid a potential selloff if Andy Burnham boosts spending and raises borrowing.

Fitch Ratings warns of greater near-term fiscal policy uncertainty in the UK and pressure on spending due to a likely transition to Andy Burnham's leadership.

Investors warn that political uncertainty may force the UK to scale back planned sales of long-dated debt.

Deutz AG agrees to buy military vehicle maker FFG for €1.6 billion, expanding into the defense sector amid Europe's rearmament.

FTSE 100 fell 0.2% after reports that OpenAI delayed a release, which added pressure on tech stocks.