Germany DAX30 closed down 362.34 points (-1.40%) at 25,470.18 on Tuesday, July 7. UK FTSE 100 rose 16.22 points (+0.15%) to 10,667.99. France CAC 40 fell 43.63 points (-0.51%) to 8,436.24. Euro Stoxx 50 dropped 79.26 points (-1.24%) to 6,318.75. Spain IBEX 35 declined 38.31 points (-0.19%) to 19,645.49. Italy FTSE MIB fell 475.64 points (-0.90%) to 52,483.50.

Ukrainian President Zelenskiy said at the NATO summit on July 7 that air defense is Kyiv’s top priority and urged NATO and member states to increase assistance. He said Ukraine can handle many defense tasks independently but needs greater partner resolve on air defenses, and that Kyiv has discussed Patriot system production licensing with the United States. Zelenskiy said he will raise the Patriot system and other issues with US President Trump on July 8.

According to the Daily Mirror, the governing Labour Party will not contest the Clacton by-election triggered by Reform UK leader Nigel Farage.