India's services activity grew at its weakest pace in 17 months in June as demand softened, even as benchmark stock indices extended gains for a third session on hopes that weak US jobs data brings Federal Reserve rate cuts closer.

A UK tribunal has suspended parts of the Financial Conduct Authority's industry-wide motor finance compensation scheme, on terms agreed with four challengers, while firms must still comply with the rules that remain in force.

The UK's Financial Conduct Authority has set out landmark rules for the crypto sector, aiming to give firms and consumers greater clarity and to cement the country's position as a global centre for digital assets.

South Korea's Kospi swung violently at the start of July, plunging nearly 8% on an AI-driven chip selloff before rebounding almost 6%, while June inflation accelerated to 3.2%, the highest since late 2023.

Japan's services activity returned to expansion in June after stalling the previous month, according to a private survey, though business confidence stayed subdued amid Middle East tensions and rising cost pressures.

Germany's DAX climbed to a record as European markets rallied on softer US jobs data, with Bayer surging almost 9% after steps to reduce its Roundup litigation risk and investors rotating into healthcare, financials and defence.

The UAE's insurance sector kept growing in early 2026, with gross written premiums up about 15% year-on-year and the number of policies rising, while capital adequacy strengthened, according to the central bank's latest review.

Australia's Payday Super reform has begun, requiring superannuation contributions to be received and allocated to members' accounts far more quickly, a change aimed at tackling billions of dollars in unpaid retirement savings.

Australia's prudential regulator has begun applying reforms to the capital treatment of longevity products such as annuities, aiming to free up insurers to offer more competitively priced retirement income products while keeping strong safeguards.

Canada's banking regulator has highlighted heightened credit risks, particularly in residential mortgages and commercial real estate, as a challenging trade environment weighs on the economy, while keeping loan-to-income mortgage limits in place.

Australia's prudential regulator has published its first system risk stress test examining links between major banks and large superannuation funds, modelling a severe scenario that would require about A$174 billion in liquidity.