ECB Governing Council member Moulin said there has been good news on oil prices.

European Council President COSTA said the EU will approve a Savings and Investment Union this year.

UK services activity contracted for a second month in June, with the final services PMI sliding to 48.8 from 49.3 in May — the weakest reading since January 2023. New business declined at the fastest pace since November 2022. Firms cited the ongoing conflict involving Iran, uncertainty over who would replace Starmer and the direction of fiscal policy, and persistent global inflationary pressures.