Brooks Macdonald CIO William Hobbs says UK equities are undervalued and remain a favored stock‑picking market. The firm is currently overweight UK versus US equities, having trimmed some exposure three months ago after an earlier, sizable overweight that delivered gains. Hobbs described low UK valuations as a long‑term signal rather than a tactical entry trigger. He cited the UK’s comparative advantage across knowledge‑intensive sectors as likely to benefit as AI matures.

SpaceX：猎鹰9号火箭从加利福尼亚州发射升空，成功将24颗星链卫星送入轨道。

ONS data showed CPI rose 2.6% YoY in the 12 months to June, down from 2.8% and below the 2.7% economists' consensus. A sharp drop in oil on expectations of a resolution to the US‑Iran conflict pushed petrol and diesel prices lower; food and non‑alcoholic beverage costs also weighed. Services inflation, the Bank of England's key domestic gauge, slowed to 3.6% from 3.7%, slightly above forecasts. The relief may be temporary: the energy price cap is due to rise about 13% in July, which could nudge headline inflation back up. Markets largely expect the Bank of England to hold rates next week as it balances energy‑driven upside risk against a weak labour market and soft growth.