UK MP Jones says that while he has the 81 seats required to run, he will not contest against Burnham for Labour leadership, Sky News reports; Jones says he thinks traders "can be content" with Burnham as PM

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Newsquawk Daily European Equity Opening News - 24th June 2026

Newsquawk Daily European Opening News - 24th June 2026

UK MP Jones says that while he has the 81 seats required to run, he will not contest against Burnham for Labour leadership, Sky News reports; Jones says he thinks traders "can be content" with Burnham as PM

German Budget Commission will decide on Friday (prev. guided Wednesday) on the governments investment in KNDS, Politico reports citing sources

RBI Governor Malhotra says FX Reserve strategy is built on three principles, safety, liquidity and return, adds gold in forex reserves is for safety and liquidity if we need

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  • Jones adds that he thinks there is room to "borrow a little more", and things (referring to investment) can be done differently; without "broad brush" borrowing and spending.
  • Would be happy for Burnham to borrow more for specific investment.
  • Important that Burnham is committed to the fiscal rules. 

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