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European markets open to close, data, earnings and news

Liz Truss to become new UK prime minister

Liz Truss will succeed Boris Johnson as Britain’s prime minister after being elected leader of the U.K.’s ruling Conservative Party.

After a drawn out contest with former Finance Minister Rishi Sunak, Truss got 81,326 votes from Conservative Party members, while Sunak got 60,399.

Truss will take the reins during one of the most turbulent economic periods in recent British history, as the country faces soaring energy bills and a rapidly deteriorating cost of living crisis.

– Elliot Smith

U.K. markets await decision on next prime minister

Britain’s next prime minister is due to be announced in around 15 minutes’ time, with market participants hoping the news will put an end to the political no man’s land created when Boris Johnson stepped down in July.

The results of a grueling, and at times bitter, leadership contest within the ruling Conservative Party are due to be announced at 12:30 p.m….

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