UK PM Starmer announces he will step down; nominations for Labour leader will open on 9th July, conclude by summer recess (16th July); will act as caretaker until new leader elected

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[MARKET ANALYSIS] Positive mood music out of the latest US-Iran talks lead oil prices lower

China’s National Medical Products Administration approved Eli Lilly (LLY) Nederland BV’s Inluriyo

UK PM Starmer announces he will step down; nominations for Labour leader will open on 9th July, conclude by summer recess (16th July); will act as caretaker until new leader elected

"Confirmed crossings through the monitored Strait of Hormuz zone rose sharply over 19–21 June, with 71 total transits recorded", Kpler's Bakr reports

ECB's Escriva warns that rising oil and commodity prices linked to the Middle East conflict are feeding into consumer prices and could cause wage spillovers

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