Euro zone bond yields hit record lows: Markets relieved that a hawk will not lead ECB. Lagarde expected to continue Draghi’s dovish stance.

France’s Christine Lagarde has been proposed for the presidency of the European Central Bank, Belgium’s Charles Michel for European Council president, Germany’s Ursula von der Leyen for European Commission president and Spain’s Josep Borrell for EU foreign policy chief.

Britain warned China on Tuesday there would be serious consequences if Beijing broke its promises to protect freedoms in Hong Kong, after police fired tear gas to disperse hundreds of protesters.

Hong Kong police fired tear gas in running battles with hundreds of protesters, some of whom stormed the legislature, destroyed pictures and daubed walls with graffiti, on the anniversary of the city’s 1997 return to Chinese rule on Monday.

Reuters suggests that Juan Guaido might be losing momentum in Venezuela, thwarting his efforts to topple President Nicolas Maduro.

A European Union summit was suspended on Monday after national leaders failed to reach agreement during 20 hours of talks on who should take over the bloc’s top jobs.

The dollar and offshore Chinese yuan rallied on Monday after the United States and China agreed to restart their troubled trade talks, while the Japanese yen and Swiss franc were the big casualties as investors sold safe-haven currencies.

Factory activity shrank across much of Europe and Asia in June as the simmering U.S.-China trade conflict put further strains on the manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.

India had its driest June in five years because monsoon rains were delayed, the weather department said late on Sunday, raising fears for crops and the broader economy.

Forces loyal to eastern Libyan commander Khalifa Haftar said they destroyed a Turkish drone parked at Tripoli’s only working airport on Sunday, halting civilian flights as tensions between Ankara and the eastern administration mounted.