On July 9, 2024, at Downing Street in London, UK, UK Prime Minister Keir Starmer will host the first roundtable of UK regional mayors with Andy Burnham (Republican), Mayor of Greater Manchester.
Ian Vogler | WPA Pool | Getty Images
Hello, my name is Leonie Kidd and I’m from London. Welcome to today’s Daily Open Newsletter.
Monday has barely begun in London, but there’s already a lot for investors to understand.
Pressure is mounting on British Prime Minister Keir Starmer from within his own party and from US President Donald Trump to draw up a plan for Brexit.
Meanwhile, negotiators agreed to a 60-day roadmap for an Iran peace deal, a remarkable feat after a weekend marked by threats from both sides.
What you need to know today
Switzerland’s Lake Lucerne hosted the latest round of negotiations between the United States and Iran this weekend, leading to agreement on a 60-day roadmap to a final peace deal.
A joint statement from mediating parties Qatar and Pakistan said: “The Lake Lucerne Summit took place in a positive and constructive atmosphere. Encouraging progress was made, including the creation of a mechanism for further technical consultations.”
This is a remarkable result after a tense weekend. On Saturday, Iran threatened to close the Strait of Hormuz and boycott negotiations, while US President Donald Trump warned that he would “severely attack Iran again” if it did not “stop its highly paid proxies in Lebanon from stirring up trouble.”
Oil prices have fallen on news of progress in peace talks, while tanker traffic through the Strait of Hormuz continues to rise. But futures on major U.S. stock markets are also in the red as Wall Street returns from a long weekend trading hiatus.
While stocks across the Asia-Pacific region are mixed, European futures are lacking direction.
— Leonie Kidd
And finally…
Pixar’s ‘Toy Story 5’ Lasso hits $160 million opening weekend, the biggest in series history
Disney’s “Toy Story” series is still a hot topic.
The fifth film in the Pixar film series grossed $160 million during its opening weekend, making it the highest-grossing film in series history. Overseas, “Toy Story 5” grossed $152 million, bringing its three-day worldwide box office gross to an estimated $312 million.
Toy Story 4 earned $120.9 million upon its release in 2019, the previous record holder for the series, according to Rentrak data. The film series has grossed more than $3 billion at the global box office since the first film was released in 1995, with two films each grossing more than $1 billion worldwide.
— Sarah Witten
