Caroline Hepker

ZetraDAX is the outperformer, gaining three-tenths of 1% this morning.

Oil prices continuing to sink.

Brent crude futures down 1.7% at $79.

24 the barrel.

And then looking at the bond markets.

So you've got a rally effectively across sovereign bonds in Europe.

German yields down two basis points.

UK yields also easing a basis point this morning, 4.82%.

So that's quite interesting given the political uncertainty that the UK faces, which has been hitting the pound.

It's currently down two tenths against the dollar on cable 132.11.

Those are the markets this hour.

I'm Caroline Hepka and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Caroline Hepker.

UK Prime Minister Keir Starmer is expected to set out a timetable to step down as soon as this morning.

Starmer's allies have told Bloomberg that the timing was not certain, but say that the leader is considering leaving power.

Business Secretary Peter Carl says the Labour leader has spent the weekend talking to his supporters.

The business secretary, Peter Carr.

Starmer, considering quitting power, is a remarkable turnaround for the landslide election victory that he secured in 2024.

After losing his health secretary, his defence secretary and the support of a quarter of his MPs, many of the Labour Party want a change of leader.