UK's FTSE 100 up 2.00% intraday.

July 2 in Beijing, China Transport Minister Liu Wei met UK Transport Secretary Heidi Alexander to discuss bilateral transport cooperation. Liu said China will use the 15th Five-Year period to complete a modern integrated transport system and accelerate construction of a high-quality national multimodal network, prioritising integration, safety upgrades, digitalisation and green transition. Both sides agreed to implement leaders’ consensus, deepen maritime and shipping cooperation, strengthen communication within the International Maritime Organization, establish cooperation mechanisms and pursue practical outcomes.

China crude oil futures contract 2608 slid intraday, widening losses to 6.02% at 432.7 yuan/barrel; turnover topped 26.4 bln yuan. Open interest rose about 2,300 contracts during the session and intraday volatility increased.