US initial jobless claims for week to July 11: 208,000 vs 217,000 expected; prior revised from 215,000 to 216,000.

Federated Hermes strategist Filippo Alloatti said in a report that UK government bonds could remain under pressure amid the Middle East conflict and concerns over public finances. Markets are focused on the new government's spending commitments and revenue measures expected in the coming weeks to months; Alloatti said markets remain sensitive to signs that spending pledges may outstrip available resources.

Iranian parliament speaker Ghalibaf said Iran's approach to war or negotiations must be grounded in national interests and security, and be pragmatic and long-term.