Mail's Hodges posts, regarding UK PM Starmer, that he "...ran off the cliff today. Soon he will have to look down."
This headline signals potential political instability in the UK centered around PM Starmer, which could affect market sentiment towards UK assets, especially gilts.
Russia's Tuapse oil refinery (240k BPD) has halted amid drone attacks, according to reports
Pakistan's Information Minister says a formal response from the Iranian side regarding their attendance to US-Iran talks is still awaited. Efforts continue to convince Iran to attend the talks.
Mail's Hodges posts, regarding UK PM Starmer, that he "...ran off the cliff today. Soon he will have to look down."
Fed Chair Nominee Warsh says Fed needs a new inflation framework and communications; interest rate tool is fairer - Q&A
Regeneron (REGN) announces positive results from the Phase 3 NIMBLE trial evaluating investigational cemdisiran in adults with generalized myasthenia gravis
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Full post:
- "In politics there’s a Wiley Cayote moment where it becomes clear - even to a PM’s allies - that the established facts make their position untenable. But there’s still a brief lag between them realising, and going. Starmer ran off the cliff today. Soon he will have to look down."
If political credibility falters, investors might reconsider their outlook on fiscal policy and any associated rate trajectories, potentially leading to volatility in both fixed income and broader markets.
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