Lizzie Burden

Bloomberg understands that officials from the three allies see a shift in momentum for Ukraine as Russia forces suffer mounting losses and economic challenges.

NATO Secretary General Mark Rutte was speaking alongside Vladimir Zelensky after the first ever NATO-Ukraine Council meeting held in Kiev.

NATO Secretary General Mark Rutte speaking there in Kiev.

The British Prime Minister Keir Starmer is expected to speak to Germany's Friedrich Merz and France's Emmanuel Macron over the coming days.

Critics of the idea to engage with Putin say that the Russian president has shown no sign of being serious about peace talks and continues to harbour maximalist demands.

The UK's business secretary is warning his own party against moving to the left.

In a speech to the City of London, Peter Kyle argued that economic growth needs to improve before the government thinks about wealth taxes.

Kyle's comments come as the Labour government appears unsure of its future direction, with many looking to Manchester Mayor Andy Burnham.

Former Health Secretary Wes Streeting vowed that he would stand for leader in any contest.

Streeting was speaking to Bloomberg's Francine Lacroix at South by South West London.

The Prime Minister, Keir Starmer, hasn't been formally challenged for his job, but is increasingly seen as a lame duck.

Those are your top stories this morning on the markets.

The stock 600 is currently flat to the downside.

The FTSE 100 is also flat to the downside.

And on Wall Street, S&P E-mini futures are down a quarter of a percent.

And I'm Lizzie Burden.

And this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Lizzie Burden.

The fragile ceasefire in the Middle East faces its latest test after US forces intercepted Iranian strikes and hit a command centre in the Islamic Republic.