Keir Starmer resigned as UK prime minister, clearing the path for Andy Burnham to take office and marking a swift political handover after a turbulent period for the governing party.
Diplomatic momentum built in Switzerland where Iran said negotiators had made “major progress” following all‑night talks with US counterparts, though officials cautioned significant hurdles remain before a durable peace accord can be reached.
European Central Bank officials in Spain and Austria urged vigilance on price pressures, warning that elevated inflation risks mean further rate increases cannot be ruled out.
Market action was muted: European equities traded flat, Japan gained about 1.2% and mainland China rose roughly 2.4%. US futures were flat ahead of the open, while Brent crude slipped about 2% to near $78 a barrel.
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