IBOV 172,330 ▲ 0.98% IPSA 11,003 ▲ 0.52% IPC MEX 66,859 ▲ 0.37% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,290.83 ▼ 0.96% BVL PERÚ 54,904.64 ▲ 1.81% USD/BRL5.12▼ 0.61% USD/MXN17.55▼ 0.20% USD/CLP926.80▼ 0.82% USD/COP3,289▼ 1.48% USD/PEN3.40▼ 0.26% USD/ARS1,487▼ 0.03% USD/UYU40.30▲ 1.47% USD/PYG6,061▲ 1.47% USD/BOB9.85▲ 1.50% USD/DOP58.50▼ 0.26% USD/CRC450.34▲ 1.59% USD/GTQ7.62▲ 2.24% USD/HNL26.72▲ 1.48% USD/NIO36.62▼ 0.45% USD/VES698.47▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD155.98▲ 0.05% USD/TTD6.73▲ 1.06% EUR/BRL5.85▼ 0.59% BRENT 76.27 ▼ 2.24% WTI 71.98 ▼ 2.09% IRON ORE 161.91 — — COPPER 6.27 ▲ 3.62% GOLD 4,141 ▲ 1.72% SILVER 60.87 ▲ 4.64% SOY 1,181 ▼ 1.19% CORN 451.75 ▲ 3.91% WHEAT 619.00 ▲ 3.25% COFFEE 343.15 ▲ 5.83% SUGAR 15.15 ▲ 0.26% ORANGE JUICE 149.10 ▼ 5.78% COTTON 80.32 ▲ 5.39% COCOA 6,339 ▲ 6.38% BEEF 235.38 ▼ 0.95% CATTLE 357.55 ▼ 1.24% LITHIUM 72.85 ▲ 1.01% PETR4 39.19 ▼ 1.16% VALE3 72.71 ▲ 0.01% ITUB4 42.67 ▲ 1.86% BBDC4 17.96 ▲ 1.53% ABEV3 15.73 ▲ 0.70% BBAS3 19.88 ▲ 1.79% B3SA3 14.69 ▲ 3.16% WEGE3 45.80 ▲ 0.99% PRIO3 55.38 ▼ 1.84% SUZB3 41.11 ▲ 0.69% RENT3 39.36 ▲ 1.34% AZZA3 18.05 ▲ 0.84% CSAN3 3.83 ▲ 2.13% RAIZ4 0.37 ▼ 2.63% PCAR3 2.78 ▲ 2.58% GMAT3 3.81 ▲ 1.87% PSSA3 53.33 ▲ 1.58% CVCB3 1.23 ▲ 0.82% POSI3 3.89 ▲ 2.91% SLCE3 13.66 ▲ 3.41% NATU3 8.43 ▼ 0.82% BRKM5 6.49 ▲ 5.70% RANI3 7.91 ▲ 0.38% CSNA3 4.79 ▲ 2.57% CMIN3 4.76 ▲ 2.15% USIM5 8.39 ▲ 0.48% GGBR4 22.56 ▲ 1.90% ENEV3 25.91 ▲ 1.61% CPFE3 46.03 ▲ 1.25% CMIG4 10.96 ▲ 1.48% EQTL3 39.20 ▲ 1.42% LREN3 13.99 ▲ 2.04% VIVT3 34.62 ▲ 0.90% RAIL3 13.67 ▲ 3.17% KLABIN 17.25 ▲ 0.52% RAIA DROGASIL 17.76 ▲ 2.54% RDOR3 34.71 ▲ 1.85% HAPV3 10.12 ▲ 1.61% FLRY3 15.61 ▲ 1.30% SMTO3 15.65 ▲ 2.62% UGPA3 29.83 ▲ 1.60% VBBR3 32.15 ▲ 1.58% BBSE3 39.39 ▲ 1.65% BPAC11 55.15 ▲ 2.22% CURY3 32.39 ▲ 3.38% AERI3 2.05 ▲ 0.99% VIVARA 22.76 ▲ 2.66% COMPASS 24.68 ▲ 0.65% VAMOS 2.95 ▲ 4.98% SANB11 26.20 ▲ 2.34% ASAI3 8.49 — 0.00% SBSP3 29.97 ▲ 2.46% WALMEX 49.35 ▼ 0.66% GMEXICO 200.06 ▲ 1.77% FEMSA 225.93 ▲ 0.42% CEMEX 21.62 ▲ 1.08% GFNORTE 187.14 ▲ 0.11% BIMBO 56.50 ▼ 0.63% TELEVISA 9.50 ▼ 0.42% AMX 22.74 ▼ 2.07% GAP 418.03 ▲ 0.55% ASUR 288.54 ▲ 1.35% OMA 239.70 ▲ 1.65% KOF 184.56 ▲ 0.78% GRUMA 282.85 ▲ 0.03% KIMBER 38.66 ▼ 0.31% SQM-B 68,900 ▼ 0.86% COPEC 6,069 ▲ 0.65% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,904 ▲ 0.41% ENELAM 84.21 ▼ 1.38% CENCOSUD 2,100 ▲ 1.01% CMPC 1,093 ▲ 1.33% BANCO CHILE 186.13 ▲ 0.37% LATAM AIR 26.36 ▲ 3.37% YPF 75,775 — 0.00% GGAL 7,910 ▼ 1.68% PAMPA 5,185 ▲ 0.10% TXAR 665.00 ▼ 1.41% ALUAR 960.00 ▼ 3.03% TGS 9,355 ▲ 0.27% CEPU 2,310 ▼ 0.82% MIRGOR 17,400 ▲ 0.58% COME 45.47 ▲ 2.87% LOMA NEGRA 3,510 ▼ 0.85% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,133 ▲ 1.29% ECOPETROL 15.26 ▲ 0.83% BANCOLOMBIA 80.84 ▲ 1.04% GRUPO AVAL 5.04 ▲ 4.13% CREDICORP 391.86 ▲ 2.72% SOUTHERN COPPER 174.16 ▲ 4.16% BUENAVENTURA 29.04 ▲ 2.40% MERCADOLIBRE 1,795 ▼ 0.82% NUBANK 13.61 ▲ 1.80% XP 16.49 ▲ 6.77% PAGSEGURO 8.96 ▲ 2.11% STONE 10.86 ▲ 3.23% GLOBANT 30.85 ▲ 3.18% TECNOGLASS 43.36 ▼ 1.32% GAP AIRPORT 237.89 ▲ 0.67% ASUR 288.54 ▲ 1.35% OMA AIRPORT 109.68 ▲ 2.21% AMX ADR 25.83 ▼ 2.20% FEMSA ADR 128.79 ▲ 0.77% CEMEX ADR 12.31 ▲ 1.15% PETROBRAS ADR 16.98 ▼ 1.51% VALE ADR 14.17 ▲ 0.84% ITAU ADR 8.31 ▲ 1.78% SANTANDER BR 5.16 ▲ 2.28% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 2.49% GERDAU 4.42 ▲ 2.67% LATAM ADR 57.08 ▲ 4.73% BTC 62,723 ▲ 0.75% ETH 1,739 ▼ 0.19% SOL 77.72 ▼ 0.09% XRP 1.09 ▼ 0.11% BNB 569.80 ▲ 0.26% ADA 0.17 ▼ 0.90% DOGE 0.07 ▲ 0.47% AVAX 6.71 ▲ 3.77% LINK 7.70 ▲ 0.99% DOT 0.83 ▲ 0.10% LTC 43.87 ▲ 0.57% BCH 235.79 ▲ 0.27% TRX 0.33 ▲ 1.08% XLM 0.18 — 0.00% HBAR 0.07 ▲ 0.88% NEAR 1.91 ▲ 0.90% ATOM 1.55 ▼ 0.88% AAVE 91.55 ▲ 3.82% SELIC 14.25% EMBRAER 84.05 ▲ 3.13% EMBRAER ADR 65.64 ▲ 3.49% JBS 11.87 ▲ 0.42% JBS BDR 60.73 ▼ 0.28% MBRF3 15.53 ▲ 0.98% MBRFY 3.00 ▲ 3.09% INTER 5.68 ▲ 1.89% EGX 52,312 ▲ 0.54% USD/ZAR16.33▼ 0.55% USD/NGN1,375▼ 0.20% NIKKEI 67,744 ▲ 1.38% CSI300 4,876 ▲ 2.54% HSI 24,030 ▼ 0.70% NIFTY 23,963 ▲ 0.34% KOSPI 7,292 ▲ 0.62% JCI 5,912 ▲ 0.67% USD/JPY162.32▼ 0.17% USD/CNY6.78▼ 0.32% DAX 25,118 ▲ 0.89% CAC 8,327 ▲ 0.90% FTSE 10,472 ▼ 0.16% MIB 52,382 ▲ 1.09% IBEX 19,323 ▲ 1.14% STOXX 640.87 ▲ 0.78% EUR/USD1.14▲ 0.21% GBP/USD1.34▲ 0.46% SPX 7,531 ▲ 0.65% DJI 52,510 ▲ 0.31% NDX 29,679 ▲ 1.46% RUT 2,992 ▲ 1.22% TSX 35,232 ▲ 0.85% VIX 16.05 ▼ 5.03% USD/CAD1.42▼ 0.06% US10Y 4.5430 ▼ 0.57% IBOV 172,330 ▲ 0.98% IPSA 11,003 ▲ 0.52% IPC MEX 66,859 ▲ 0.37% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,290.83 ▼ 0.96% BVL PERÚ 54,904.64 ▲ 1.81% USD/BRL 5.12 ▼ 0.62% USD/MXN 17.54 ▼ 0.21% USD/CLP 926.88 ▼ 0.82% USD/COP 3,289 ▼ 1.48% USD/PEN 3.40 ▼ 0.25% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.30 ▲ 1.47% USD/PYG 6,061 ▲ 1.47% USD/BOB 9.85 ▲ 1.50% USD/DOP 58.57 ▼ 0.14% USD/CRC 450.34 ▲ 1.59% USD/GTQ 7.62 ▲ 2.24% USD/HNL 26.72 ▲ 1.48% USD/NIO 36.62 ▼ 0.45% USD/VES 698.47 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.95% USD/TTD 6.73 ▲ 1.06% EUR/BRL 5.85 ▼ 0.59% BRENT 76.27 ▼ 2.24% WTI 71.98 ▼ 2.09% IRON ORE 161.91 — — COPPER 6.27 ▲ 3.62% GOLD 4,141 ▲ 1.72% SILVER 60.87 ▲ 4.64% SOY 1,181 ▼ 1.19% CORN 451.75 ▲ 3.91% WHEAT 619.00 ▲ 3.25% COFFEE 343.15 ▲ 5.83% SUGAR 15.15 ▲ 0.26% ORANGE JUICE 149.10 ▼ 5.78% COTTON 80.32 ▲ 5.39% COCOA 6,339 ▲ 6.38% BEEF 235.38 ▼ 0.95% CATTLE 357.55 ▼ 1.24% LITHIUM 72.85 ▲ 1.01% PETR4 39.19 ▼ 1.16% VALE3 72.71 ▲ 0.01% ITUB4 42.67 ▲ 1.86% BBDC4 17.96 ▲ 1.53% ABEV3 15.73 ▲ 0.70% BBAS3 19.88 ▲ 1.79% B3SA3 14.69 ▲ 3.16% WEGE3 45.80 ▲ 0.99% PRIO3 55.38 ▼ 1.84% SUZB3 41.11 ▲ 0.69% RENT3 39.36 ▲ 1.34% AZZA3 18.05 ▲ 0.84% CSAN3 3.83 ▲ 2.13% RAIZ4 0.37 ▼ 2.63% PCAR3 2.78 ▲ 2.58% GMAT3 3.81 ▲ 1.87% PSSA3 53.33 ▲ 1.58% CVCB3 1.23 ▲ 0.82% POSI3 3.89 ▲ 2.91% SLCE3 13.66 ▲ 3.41% NATU3 8.43 ▼ 0.82% BRKM5 6.49 ▲ 5.70% RANI3 7.91 ▲ 0.38% CSNA3 4.79 ▲ 2.57% CMIN3 4.76 ▲ 2.15% USIM5 8.39 ▲ 0.48% GGBR4 22.56 ▲ 1.90% ENEV3 25.91 ▲ 1.61% CPFE3 46.03 ▲ 1.25% CMIG4 10.96 ▲ 1.48% EQTL3 39.20 ▲ 1.42% LREN3 13.99 ▲ 2.04% VIVT3 34.62 ▲ 0.90% RAIL3 13.67 ▲ 3.17% KLABIN 17.25 ▲ 0.52% RAIA DROGASIL 17.76 ▲ 2.54% RDOR3 34.71 ▲ 1.85% HAPV3 10.12 ▲ 1.61% FLRY3 15.61 ▲ 1.30% SMTO3 15.65 ▲ 2.62% UGPA3 29.83 ▲ 1.60% VBBR3 32.15 ▲ 1.58% BBSE3 39.39 ▲ 1.65% BPAC11 55.15 ▲ 2.22% CURY3 32.39 ▲ 3.38% AERI3 2.05 ▲ 0.99% VIVARA 22.76 ▲ 2.66% COMPASS 24.68 ▲ 0.65% VAMOS 2.95 ▲ 4.98% SANB11 26.20 ▲ 2.34% ASAI3 8.49 — 0.00% SBSP3 29.97 ▲ 2.46% WALMEX 49.35 ▼ 0.66% GMEXICO 200.06 ▲ 1.77% FEMSA 225.93 ▲ 0.42% CEMEX 21.62 ▲ 1.08% GFNORTE 187.14 ▲ 0.11% BIMBO 56.50 ▼ 0.63% TELEVISA 9.50 ▼ 0.42% AMX 22.74 ▼ 2.07% GAP 418.03 ▲ 0.55% ASUR 288.54 ▲ 1.35% OMA 239.70 ▲ 1.65% KOF 184.56 ▲ 0.78% GRUMA 282.85 ▲ 0.03% KIMBER 38.66 ▼ 0.31% SQM-B 68,900 ▼ 0.86% COPEC 6,069 ▲ 0.65% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,904 ▲ 0.41% ENELAM 84.21 ▼ 1.38% CENCOSUD 2,100 ▲ 1.01% CMPC 1,093 ▲ 1.33% BANCO CHILE 186.13 ▲ 0.37% LATAM AIR 26.36 ▲ 3.37% YPF 75,775 — 0.00% GGAL 7,910 ▼ 1.68% PAMPA 5,185 ▲ 0.10% TXAR 665.00 ▼ 1.41% ALUAR 960.00 ▼ 3.03% TGS 9,355 ▲ 0.27% CEPU 2,310 ▼ 0.82% MIRGOR 17,400 ▲ 0.58% COME 45.47 ▲ 2.87% LOMA NEGRA 3,510 ▼ 0.85% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,133 ▲ 1.29% ECOPETROL 15.26 ▲ 0.83% BANCOLOMBIA 80.84 ▲ 1.04% GRUPO AVAL 5.04 ▲ 4.13% CREDICORP 391.86 ▲ 2.72% SOUTHERN COPPER 174.16 ▲ 4.16% BUENAVENTURA 29.04 ▲ 2.40% MERCADOLIBRE 1,795 ▼ 0.82% NUBANK 13.61 ▲ 1.80% XP 16.49 ▲ 6.77% PAGSEGURO 8.96 ▲ 2.11% STONE 10.86 ▲ 3.23% GLOBANT 30.85 ▲ 3.18% TECNOGLASS 43.36 ▼ 1.32% GAP AIRPORT 237.89 ▲ 0.67% ASUR 288.54 ▲ 1.35% OMA AIRPORT 109.68 ▲ 2.21% AMX ADR 25.83 ▼ 2.20% FEMSA ADR 128.79 ▲ 0.77% CEMEX ADR 12.31 ▲ 1.15% PETROBRAS ADR 16.98 ▼ 1.51% VALE ADR 14.17 ▲ 0.84% ITAU ADR 8.31 ▲ 1.78% SANTANDER BR 5.16 ▲ 2.28% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 2.49% GERDAU 4.42 ▲ 2.67% LATAM ADR 57.08 ▲ 4.73% BTC 62,723 ▲ 0.75% ETH 1,739 ▼ 0.19% SOL 77.72 ▼ 0.09% XRP 1.09 ▼ 0.11% BNB 569.80 ▲ 0.26% ADA 0.17 ▼ 0.90% DOGE 0.07 ▲ 0.47% AVAX 6.71 ▲ 3.77% LINK 7.70 ▲ 0.99% DOT 0.83 ▲ 0.10% LTC 43.87 ▲ 0.57% BCH 235.79 ▲ 0.27% TRX 0.33 ▲ 1.08% XLM 0.18 — 0.00% HBAR 0.07 ▲ 0.88% NEAR 1.91 ▲ 0.90% ATOM 1.55 ▼ 0.88% AAVE 91.55 ▲ 3.82% SELIC 14.25% EMBRAER 84.05 ▲ 3.13% EMBRAER ADR 65.64 ▲ 3.49% JBS 11.87 ▲ 0.42% JBS BDR 60.73 ▼ 0.28% MBRF3 15.53 ▲ 0.98% MBRFY 3.00 ▲ 3.09% INTER 5.68 ▲ 1.89% EGX 52,312 ▲ 0.54% USD/ZAR 16.33 ▼ 0.58% USD/NGN 1,375 ▲ 0.03% NIKKEI 67,744 ▲ 1.38% CSI300 4,876 ▲ 2.54% HSI 24,030 ▼ 0.70% NIFTY 23,963 ▲ 0.34% KOSPI 7,292 ▲ 0.62% JCI 5,912 ▲ 0.67% USD/JPY 162.31 ▼ 0.15% USD/CNY 6.7812 ▼ 0.23% DAX 25,118 ▲ 0.89% CAC 8,327 ▲ 0.90% FTSE 10,472 ▼ 0.16% MIB 52,382 ▲ 1.09% IBEX 19,323 ▲ 1.14% STOXX 640.87 ▲ 0.78% EUR/USD 1.1440 ▲ 0.16% GBP/USD 1.3411 ▲ 0.16% SPX 7,531 ▲ 0.65% DJI 52,510 ▲ 0.31% NDX 29,679 ▲ 1.46% RUT 2,992 ▲ 1.22% TSX 35,232 ▲ 0.85% VIX 16.05 ▼ 5.03% USD/CAD 1.4164 ▼ 0.06% US10Y 4.5430 ▼ 0.57%
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Thursday, July 9, 2026

Europe Europe Intelligence Brief

Europe Intelligence Brief — Thursday, July 9, 2026

· July 9, 2026 · 7 min read

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Executive Summary

Europe Intelligence Brief July 9: Britain opens a race for its next prime minister, Le Pen declares a 2027 run, and a record-hot June scorches Europe.

Germany
DAX
25,118
+0.89%
France
CAC 40
8,327
+0.90%
UK
FTSE 100
10,472
-0.16%
Italy
FTSE MIB
52,382
+1.09%
Spain
IBEX 35
19,323
+1.14%
Euro
STOXX 600
640.87
+0.78%
EUR/USD
Spot
1.1440
+0.16%
GBP/USD
Spot
1.3411
+0.16%

Rio Times · Europe Intelligence Brief July 9

UK race Labour opened nominations today to replace Keir Starmer, closing 16 July.

Le Pen She declared a 2027 run and appealed to suspend her sentence so she can campaign.

Tata Steel Dutch prosecutors will charge the steelmaker over alleged deliberate pollution.

Hottest June Western Europe just had its warmest June on record, about 3 degrees above normal.

Spain-France Spain’s Senate voted to freeze a friendship treaty days before a Paris visit.

World Cup France meet Morocco tonight in Boston, a rematch of the 2022 semi-final.

Britain begins the search for its sixth leader in a decade while France’s Marine Le Pen vows to run for president despite a fresh conviction. Across the continent, a record-hot June and pressure from abroad leave people weary yet defiant.

Europe Intelligence Brief July 9
Europe Intelligence Brief July 9: Le Pen declares a 2027 run after conviction. (Photo internet reproduction)
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The Europe Intelligence Brief July 9 finds politics turned raw from Paris to Seville, with the World Cup offering a welcome escape. This is a region feeling stretched, watchful and quietly proud all at once.

United Kingdom – Race for the Next Leader

Nominations open

Nominations to replace Keir Starmer as leader of the governing Labour party, and therefore as prime minister, opened today, 9 July.

The contest closes on 16 July, just before Parliament breaks for the summer, meaning the country will soon know who runs it next.

A familiar face in front

Andy Burnham, the former mayor of Greater Manchester who recently won a by-election with a majority of more than 9,200 votes, is the clear frontrunner and has confirmed he will stand.

Health secretary Wes Streeting has ruled himself out, leaving Britain bracing for its sixth prime minister in a decade and a mood of weary uncertainty.

France – Le Pen’s Defiant Campaign

A candidacy despite conviction

Marine Le Pen, convicted on appeal of misusing more than 4.4 million euros of European Parliament funds, has announced she will run for president in 2027.

She is filing a final appeal to the country’s highest court, which would suspend her sentence and let her campaign freely without an electronic tag.

A legal storm reopens

The appeal court cut her sentence to one year under an electronic tag plus a ban from office, but legal experts disagree over whether she can still stand.

The top court says it may rule by early April 2027, only weeks before the first-round vote on 18 April, leaving the country tense and divided.

“That money must stay in Italy,” Meloni insisted, capturing a continent determined to spend on defence but on its own terms.

Netherlands – Tata Steel in the Dock

Criminal charges confirmed

Dutch prosecutors have decided to charge the steel giant Tata Steel with allegedly deliberately releasing harmful substances near its plant at IJmuiden.

The move follows a mass complaint by lawyer Bénédicte Ficq on behalf of hundreds of nearby residents who say their health has suffered.

Money and health at stake

The investigation covers January 2018 to February 2026, and a first hearing is set for 20 November in Amsterdam; the company calls the accusations “essentially unjustified”.

Up to 2 billion euros of planned state support to make the plant cleaner now hangs in the balance, sharpening a sense of long-awaited vindication among locals.

Spain – A Treaty Frozen, a Trip Ahead

Senate hits pause

The main opposition People’s Party used its Senate majority today to suspend a friendship treaty with France and send it to the Constitutional Court.

They object to a clause allowing a minister from one country to sit in on the other’s cabinet meetings, which they see as a step too far.

Awkward timing

The freeze lands just days before Prime Minister Pedro Sánchez travels to Paris for France’s national day on 14 July, making for uncomfortable optics.

Foreign minister José Manuel Albares accused the opposition of “sabotaging Spaniards’ interests”, deepening the country’s bitter left-right divide.

Spain – Andalucía’s Careful Pact

A shared government

Regional leader Juanma Moreno unveiled his third-term government, handing one of three deputy-leader posts to Manuel Gavira of the hard-right Vox party.

He created extra deputy posts for his own People’s Party, leaving the Vox role largely ceremonial and stripped of real power.

A watched template

The deal breaks a long-standing refusal to govern alongside Vox in the party’s traditional heartland, and is being studied closely across the country.

The Socialist opposition denounced it as helping to make the far right seem normal, keeping regional politics combative.

Germany – Merz Sells Reform

The ‘reform chancellor’

Chancellor Friedrich Merz addressed Parliament at just after 9 am, casting himself as a reformer following the NATO summit in Ankara.

In roughly 20 minutes he set out his coalition’s newly agreed package of 34 measures to boost the economy and protect jobs.

Opposition pushback

The plan includes 10 billion euros in tax relief, but opposition parties used the debate for a wide-ranging attack on the government’s record.

Nationwide protests against the far right and the AfD party are scheduled again today, casting a shadow over the guarded optimism.

Italy – Meloni’s Defence Line

Money stays home

At the close of the Ankara summit, Prime Minister Giorgia Meloni argued that if Italy spends on defence, “that money must stay in Italy”.

She dismissed opposition claims that hospitals would close to buy tanks as ridiculous, and said she regrets nothing about her ties with Donald Trump.

Heat and strikes bite

A 23-hour strike by workers of the Italo high-speed train company ran from 3 am today, threatening cancellations and delays across main routes.

At the same time a third heatwave put cities on red and orange alert, with Sardinia forecast to reach 39 to 40 degrees Celsius.

France – World Cup Night

A charged rematch

France play Morocco tonight in Boston in the first quarter-final of the World Cup, kicking off at 10 pm Italian time.

It is a replay of the 2022 semi-final, which France won two goals to nil, and passions run high on both sides.

Pride and escape

Argentine referee Facundo Tello was appointed to the match, drawing comment from France coach Didier Deschamps.

Kylian Mbappé leads the tournament with seven goals, and the winner will face Spain or Belgium, offering a bright spot amid a heavy news week.

The Bigger Picture

Europe today feels stretched between exhaustion and defiance. A record-hot June that brought hundreds of extra deaths in the Netherlands has deepened worry about the climate, while pressure from Washington and turmoil in the Middle East have bred a wary, self-reliant mood.

Politics stayed raw and combative from morning to night. Britain began choosing its next prime minister, France wrestled with Le Pen’s defiant campaign, Spain froze a treaty with its neighbour, and courtrooms in Paris, Seville and Amsterdam kept old grievances alive.

Yet there is colour too. Italy celebrated a top literary prize, Meloni struck a proud note on spending, and the World Cup quarter-finals offered millions a welcome escape from a tense and tiring summer.

Europe Intelligence Brief July 9: What We Are Watching

  • Today – Labour leadership nominations open in Britain; France play Morocco in Boston at 10 pm Italian time.
  • Today – Spain’s Senate freezes the friendship treaty with France; Italo train strike runs until 2 am Friday.
  • This week – Spain-Belgium quarter-final on 10 July; Norway-England on 11 July.
  • This week – Argentina-Switzerland quarter-final on 12 July in Kansas City.
  • This week – Sánchez visits Paris for France’s national day on 14 July amid the treaty row.
  • This week – ASML, TomTom and NSI report earnings on 15 July, key for Dutch technology and property.
  • This week – Labour leadership contest closes on 16 July, revealing the next UK prime minister.
  • Ahead – Tata Steel’s first hearing set for 20 November in Amsterdam.

Go Deeper

The full Europe Intelligence Dossier — the interactive risk dashboard, the six people who matter and the downloadable PDF — is updated daily by the Rio Times Intelligence Desk.

The Europe Intelligence Brief July 9 returns tomorrow morning.

Frequently Asked Questions

Who is the frontrunner to replace Keir Starmer as UK Labour leader and prime minister?

Andy Burnham, the former mayor of Greater Manchester, is the clear frontrunner and has confirmed he will stand. He recently won a by-election with a majority of more than 9,200 votes.

What is Tata Steel accused of in the Netherlands, and when is the first court hearing?

Dutch prosecutors are charging Tata Steel with allegedly deliberately releasing harmful substances near its plant at IJmuiden, affecting the health of hundreds of nearby residents. The first hearing is set for 20 November in Amsterdam.

Why did Spain's Senate freeze the friendship treaty with France, and why is the timing awkward?

The opposition People's Party suspended the treaty because they object to a clause that would allow a minister from one country to sit in on the other country's cabinet meetings. The freeze came just days before Prime Minister Pedro Sánchez was due to travel to Paris for France's national day on 14 July.

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