UK GDP YoY (May) Y/Y 1.3% vs. Exp. 1.4% (Prev. 1.2%)
Iran's Top Joint Military Command says the Strait of Hormuz is a red line and adds that all infrastructure in the region will be "crushed" if the US continues its interference
TSMC (2330 TT) to add another USD 100bln of US investment, according to a US official
UK GDP YoY (May) Y/Y 1.3% vs. Exp. 1.4% (Prev. 1.2%)
Newsquawk Daily European Equity Opening News - 16th July 2026
Pakistani journalist Anas Mallick writes "The impression that Pakistan has somehow taken backseat and is "frustrated", to my understanding is very very wrong. Back channel efforts to cool the situation down are underway even now"
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- ONS: Services drove growth across the three months with computer programming and advertising leading; the pharma industry also performed well.
- This was only partially offset by another weak period for power generation, while architectural and engineering firms also contracted.
- While all three main sectors grew over the three months, the slight growth in GDP in May was driven by services alone, with production and construction both falling back.
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