S&P Global: UK June manufacturing PMI 52.5; output growth accelerated, new orders growth slowed.

Sources say the London Metal Exchange is considering loosening warehousing rules to attract metal inflows into Hong Kong.

Wells Fargo economists say the US labor market has continued to stabilize after a trough in 2025. Initial jobless claims remain low and regional Fed employment PMIs show a slight pickup in June hiring, but other indicators have softened: job postings and ADP’s weekly hiring metric have fallen since spring and small‑business hiring plans slid to a cycle low in May. Overall, the data point to labor demand being broadly steady rather than reaccelerating.