•Lenders to Thames Water are preparing a legal challenge to seek full repayment of multi-billion pound debts if the Burnham government proceeds with nationalization.
•Expectations are set for a downward revision of the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation metric.
•Gulf countries boosted crude oil and condensate exports in the first half of July to the highest levels since before the Iran war began in late February.
•Shipping flows through the Strait of Hormuz are currently slowing as fighting escalates and hostilities renew.
