HKEX filing shows JP Morgan increased its long position in BYD H shares (01211.HK) to 6.04% from 5.36% on June 15.

Capital Economics economist Thomas Matthews said in a report that whoever becomes the UK’s next leader will face the same fiscal strain. Latest public finance data show May public sector net borrowing exceeded Office for Budget Responsibility forecasts. Media reports say incumbent leader Keir Starmer is expected to resign on Monday, potentially bringing a new prime minister. Matthews said there is almost no room to increase spending without triggering a bond market rebound.

Iraq’s deputy minister for upstream affairs said Baghdad plans to gradually restore crude output to 4.2–4.3 mln bpd. ANZ expects an initial recovery in the first four weeks of roughly 2.0–3.0 mln bpd. Recovery remains uncertain: ANZ sees a possible 2.0–3.5 mln bpd restoration by Q3 2026, conditional on market stability, while a further 1.0–2.0 mln bpd of supply could be permanently or semi-permanently lost. ANZ added early gains will come mainly from logistics (transport), not production; later output depends on upstream wells and refinery restarts. Full restoration is unlikely this year.