Monday 8 June 2026
The Mighty Headlines
Economics: OPEC+ marginally increases oil output targets
Business and markets: Tate & Lyle set to be taken over in £2.7bn deal
Foreign Affairs: US considering purchasing the Chagos Islands
Security and intelligence: Zelensky meets allies as Ukraine war could turn
Domestic politics: UK launches new Early Career Jobs Alliance
The Mighty Stats
FTSE = 10,368.05 (up 0.075%)
S&P 500 = 7,383.74 (down 2.64%)
Nasdaq = 25,709.43 (down 4.18%)
Stoxx 600 = 622.66 (down 0.29%)
£1 = $1.34 / €1.16
Lab / Con / Reform / Green = 20 / 17 / 29 / 14 per cent (Opinium, 3-5 June)
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The Mighty Detail
Economics: The OPEC+ group of oil producing nations has agreed to raise production targets in July by 188,000 barrels a day. Given the difficulties associated with moving oil through the Strait of Hormuz, the small increase is largely theoretical in nature.
Business and markets: Ingredion, the US-based food company, is set to announce its takeover of Tate & Lyle. The deal, which would take Tate & Lyle private and off the UK stock market, would value the sugar company at around £2.7 billion.
Foreign Affairs: There are reports that the US is considering purchasing the Chagos Islands from Mauritius. The UK had previously agreed to give the islands to Mauritius but this deal is currently on hold given US opposition to the plan.
Diego Garcia, the largest island, is home to UK and US defence installations.
Security and intelligence: Ukraine’s President Zelensky met with Prime Minister Starmer, President Macron and Chancellor Merz in London yesterday evening.
It comes after Ukraine struck St Petersburg on Saturday, highlighting its growing long-distance military capabilities.
Ukraine also reportedly recaptured more territory than it lost to Russia in May for the second month in a row.
Domestic politics: The UK Government has said it will set up a new organisation – the Early Career Jobs Alliance – with £20 million of funding to support young people into work. The Alliance will initially look at how entry-level employment is changing and “produce practical help for businesses on how to redesign roles while maintaining entry-level pathways”.
The Mighty Calendar
What’s happening today?
Australia public holiday (The King’s Birthday)
Pope Leo meets Spanish Prime Minister Sanchez during Spain visit
China’s President Xi visits North Korea
London Tech Week begins
Home Office Questions in UK House of Commons
Queen’s Club Championships (tennis) begins
Lookahead to tomorrow
NASA announces Artemis III mission astronauts
UK Science Secretary delivers keynote speech at London Tech Week
US and Canada trade data (April)
China trade data (May)
The Mighty Finale
🌤️Weather today
Light rain in the west of England. Heavy rain in the northwest and thundery showers in the southeast. High of 17C and low of 9C in London. Afternoon rain in Belfast. Morning rain in Edinburgh.
✏️Life coaching quote of the day
“To a large degree, the measure of our peace of mind is determined by how much we are able to live in the present moment. Irrespective of what happened yesterday or last year, and what may or may not happen tomorrow, the present moment is where you are—always!” – Richard Carlson, psychotherapist and writer
Mighty takeaway: Nothing further to add!
That’s it for this morning. Thank you for reading and we hope you have a good start to the week.
Bye!
The Mighty Memo team
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