[MARKET ANALYSIS] Modest pressure in GBP & Gilts in the minutes since UK PM Starmer's speech/Q&A; in short, the speech didn't change the overall narrative, however we await the assessment of Labour MPs
The modest pressure in GBP and Gilts indicates that Prime Minister Starmer's speech has not significantly altered market expectations or narratives, suggesting a continuation of the status quo in UK policy.
A soft-left UK Labour MP, following PM Starmer's speech, describes it as "utterly inadequate", journalist Schofield reports. Additionally, Labour MP Smith has now called for the PM to resign.
Apollo (APO) is reportedly set to acquire Emerald Holding (EEX) and Questex for approx. USD 1bln; Emerald shareholders to receive USD 5.03/shr (last closed USD 4.57/shr), WSJ reports
[MARKET ANALYSIS] Modest pressure in GBP & Gilts in the minutes since UK PM Starmer's speech/Q&A; in short, the speech didn't change the overall narrative, however we await the assessment of Labour MPs
Russian Defence Ministry says Ukraine has violated the ceasefire
Japan's Council on Economic and Fiscal Policy have reportedly warned the BoJ against higher borrowing costs, as it could impact small- and mid-size firms, amidst the Iran conflict
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Traders are likely weighing the potential reactions of Labour MPs, as their assessments could influence sentiment and the bond markets as the political landscape evolves.
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