WS #10425
UK PM Keir Starmer officially resigns, Andy Burnham emerges as likely successor, removing political uncertainty and boosting UK bank shares. ECB's Lagarde states bank doesn't need to react more forcefully to Middle East fallout, signaling a dovish hold on rates. Russian stocks plunge to lowest since March 2023 after hawkish rate cut by central bank, with MOEX index down 4.42%.
UK Political Transition
UK PM Keir Starmer officially resigns, Andy Burnham emerges as likely successor, removing political uncertainty and boosting UK bank shares.
ECB's Lagarde states bank doesn't need to react more forcefully to Middle East fallout, signaling a dovish hold on rates.
Russian stocks plunge to lowest since March 2023 after hawkish rate cut by central bank, with MOEX index down 4.42%.