ASML raised its full-year sales forecast for a second time this year after reporting better-than-expected quarterly results, but its shares still ended lower as investors weighed the durability of the AI spending boom.
China’s overseas shipments surged in June, with monthly car exports crossing 1 million for the first time and broader trade strength keeping the country on pace for another huge surplus.
Energy prices climbed sharply and UK borrowing costs rose as renewed conflict in the Middle East pushed investors to reassess inflation and interest-rate risks.
easyJet’s board has backed a possible all-cash bid from Apollo, setting up a takeover battle after earlier support for a lower offer from Castlelake.
A group of Labour MPs and policy figures want Andy Burnham to commit to a long-term return to spending 0.7% of national income on overseas aid.
Economists say an unusually intense El Niño later this year could amplify weather-related crop losses and prolong pressure on food prices already lifted by the Iran war.
After years of higher costs for concerts and other live events, price increases are now affecting gaming, streaming and other at-home entertainment.
Surveyors reported a smaller fall in UK house prices in June, while warning that buyer confidence remains weak and the outlook is still uncertain.
Oil prices advanced after fresh US strikes in the region and Washington’s decision to restore sanctions on Iran unsettled markets and weighed on Asian and European shares.
UK house prices recorded their first monthly increase in four months in June, while oil prices moved higher after reports of an attack on a tanker near the Strait of Hormuz.