UK Gilt Yields Spike As Burnham Win Opens Door To Oust Starmer

Russia Quickly Rejects Ukraine's Offer Of Ceasefire On Black Sea Shipping Ukraine has quietly floated a deal through a third-party mediator to halt reciprocal strikes on civilian vessels in the Black Sea, Reuters reports, in what appears to be a calculated bid to unfreeze a critical global commodity corridor and to relieve pressure on Ukraine's battered wartime economy. The maritime artery remains a vital economic lifeline for both nations, channeling massive volumes of grain and agricultural supplies to world markets - especially the Middle East and Africa - but there's now...

Futures Slide As Oil Jumps, Bond Selloff Resumes After Trump Spurns Iran Offer US futures are lower with Tech underperforming, alongside a drop in treasuries, as fading hopes for an imminent breakthrough in the Iran war sent oil prices higher and reignited worries that inflation is heating up. As of 8:00am ET, S&P 500 futures are down around 0.5% with Nasdaq futures sliding by 0.8% as semis and memory stocks underpeform the group. Defensives are leading cyclicals with credit cards, defense, energy, insurance, and restaurants acting as pockets of strength. Oil is sharply...

Democrats Challenge Trump's Mail-In Voting Order Despite Recent SCOTUS Ruling Twenty-three Democratic attorneys general and the District of Columbia filed suit against the U.S. Postal Service on Wednesday, challenging a rule that limits who can receive an absentee ballot in the mail. They filed the complaint in the U.S. District Court for Massachusetts two days after the Supreme Court allowed President Trump’s executive order on mail-in voting to proceed while the underlying case continues. The Supreme Court ruled that the states had sued before the order’s implementation, giving them a concrete...