Ed Miliband's opponents in the Labour Party believe he has failed his bid to become Chancellor, with current Home Secretary Mahmoud seen by some MPs as favourite to take the Chancellor role in Andy Burnham's new government, according to FT
Korea (Republic of) Import Prices YoY (Jun) Y/Y 20.6% (Prev. 24.8%)
US projectile strikes Qeshm Island in southern Iran, according to Nour News
Ed Miliband's opponents in the Labour Party believe he has failed his bid to become Chancellor, with current Home Secretary Mahmoud seen by some MPs as favourite to take the Chancellor role in Andy Burnham's new government, according to FT
US Private Inventory Data (bbls): Crude -0.6mln (exp. -2.7mln), Distillates +2.3mln (exp. +1.0mln), Gasoline -1.7mln (exp. +0.6mln), Cushing +0.2mln
Newsquawk US Market Wrap: Stocks and bonds bid as soft US CPI trims hawkish bets
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