In IN BIG PICTURE NEWS, the oil price falls, India's Modi has to let the Iran impact filter through, UK inflation slows, Reeves abandons supermarket price caps but promises free bus rides, Starmer ditches the fuel duty increase and eases Russian oil sanctions while confirming a Gulf deal. In TECH NEWS, Nvidia knocks it out of the park, SpaceX releases its IPO prospectus and OpenAI moves towards flotation while Meta and Intuit make big cuts. In MISCELLANEOUS NEWS, Urban Outfitters and Target put in decent performances, M&S still has some convincing to do and UK midcaps look ripe for mergers. AND FINALLY, I bring you an interesting day with an MJ lookalike...
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