In a brief statement, U.K. Prime Minister Liz Truss announced her resignation. Truss said she cannot deliver on the mandate she won in the Conservative election, and said a new leadership election will be held in a week. Betting markets suggest that Rishi Sunak, the former chancellor, may succeed her. The pound was stronger on the day, at $1.1272, and U.K. bonds also rose.
DE 40 forecast: the index enters a correction
The DE 40 stock index entered a correction after reaching a new all-time high. The DE 40 forecast for today is positive. DE 40 forecast: