UK PM Burnham "is expected" to begin appointing his Cabinet from 2pm, Politics UK reports
The expected announcement of Prime Minister Burnham's Cabinet appointments could signal a shift in UK policy direction and influence market sentiment, particularly if it aligns with a more ambitious or reformist agenda.
Italian PM Meloni says Portugal has decided to buy 3 Fincantieri (FCT IM) frigates
Yemen Houthi Spokesperson says if the Saudi siege on Yemen is not lifted, the country's armed forces will move towards a full-scale war.
UK PM Burnham "is expected" to begin appointing his Cabinet from 2pm, Politics UK reports
Canadian CPI Average of Common, Median and Trimmed (June, Y/Y): 2.1% (prev. 2.27%)
Canadian Inflation Rate YoY (Jun) Y/Y 2.8% vs. Exp. 2.9% (Prev. 3.2%)
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Traders should monitor potential implications for UK assets, including GBP and equities, as changes in leadership can prompt volatility and adjustments in investor sentiment.
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