ASML Holding N.V.Impact on stocks 2
ASML Holding N.V.
Royal Bank of CanadaGreater Manchester Mayor Andy Burnham won the Makerfield by-election with 54.8% of the vote, securing a seat in Parliament and a direct path to challenge Prime Minister Keir Starmer for the Labour leadership. Burnham defeated Reform UK's Robert Kenyon, who took 34.5%, while Restore Britain came third with just under 7%. Starmer responded defiantly, saying he would stand in any leadership contest and would not walk away, but the result increases pressure on him to resign, with allies of Burnham expected to push for an uncontested transition. The pound was little changed at around $1.32, while gilts fell, pushing the 10-year yield five basis points higher to 4.81%, as investors weighed the prospect of a looser fiscal policy under a potential Burnham premiership.
ASML Holding N.V.
Royal Bank of Canada