U.S. President Trump said Europeans have performed poorly on energy and migration.

Labour’s Burnham won the vacant Makerfield parliamentary by-election by 24,927 votes to 15,696 over Reform Party candidate Robert Kenyon, clearing a path for the Greater Manchester mayor to seek the Labour leadership. The 56-year-old has signalled intent to challenge Starmer but must first secure a Commons seat. Investors are watching for policy risk: if Burnham became party leader he could adopt looser fiscal settings than Starmer and Chancellor Rachel Reeves, market participants say. The pound was little changed near $1.3195 after the result. The outcome could have greater impact when UK gilts open in London morning trade.

Israel's defense minister Katz said the IDF will remain in the security zone in Lebanon to protect northern Israel.