Thailand's deputy finance minister said the government hopes to boost investment in the economy.

Validus Risk Management partner Harry Woolman said uncertainty over government spending and revenue plans could push UK asset volatility higher in coming months. With rising spending pressures and constrained public finances, a new government may struggle to maintain fiscal prudence; without sustained growth, difficult trade-offs among tax rises, spending cuts or increased borrowing will become increasingly hard to avoid.

ECB accounts: some participants said the recent rise in long-term yields and tighter bank lending standards would reduce credit demand, weigh on investment and weaken economic momentum.