ECB's Escriva warns that rising oil and commodity prices linked to the Middle East conflict are feeding into consumer prices and could cause wage spillovers
UK PM Starmer announces he will step down; nominations for Labour leader will open on 9th July, conclude by summer recess (16th July); will act as caretaker until new leader elected
"Confirmed crossings through the monitored Strait of Hormuz zone rose sharply over 19–21 June, with 71 total transits recorded", Kpler's Bakr reports
ECB's Escriva warns that rising oil and commodity prices linked to the Middle East conflict are feeding into consumer prices and could cause wage spillovers
[WATCH LIVE] UK PM Starmer to make a statement
[MARKET ANALYSIS] European and US stocks tentative; FTSE 100 eyes politics
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- Says energy cost increases are already transmitting through areas such as transport services
- ECB must monitor possible second-round wage effects depending on inflation persistence
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