UK government bond yields rose 4-7 bps in early Tuesday trade.

June CPI showed a broad slowdown in price gains. Clothing, used cars, auto insurance and healthcare prices fell MoM in June, while the MoM increase in housing costs hit its lowest level since 2021. Omair Sharif, head of consulting firm Inflation Insights, said declines in auto insurance, wireless data services and hotels jointly pulled down overall inf in June, but warned the improvement may not recur in the coming months.

South Korea's LG Electronics said on Monday it signed a memorandum of understanding with GS Engineering & Construction (GS E&C) to co-develop next-generation AI home solutions by integrating its AI home hub 'ThinQ ON' with GS E&C's apartment platform to create a more interconnected smart-home ecosystem.