India's Ministry of External Affairs said Prime Minister MODI will visit Indonesia, Australia and New Zealand from July 9-11.

S&P Global euro-area services PMI rose to 49.4 in June from 47.7 in May, still in contraction for a third month but above the 48.9 estimate, signalling a slower pace of decline and a rapid drop in cost pressures that helped stabilise output after two months of contraction. Oil fell for a third session after Qatar said talks between Iran and the US over the Strait of Hormuz had made progress, easing supply-disruption concerns. S&P Global Market Intelligence chief business economist Chris Williamson said the easing in services weakness, together with manufacturing growth, indicates the economy has steadied and that energy-driven inf pressures since the outbreak of the Middle East war cooled markedly in June.

Bank of England Governor Bailey will speak in ten minutes on coordination between fiscal and monetary policy.