Turkey lifts its veto to NATO expansion, allowing Finland and Sweden to join the alliance. Secretary-General Jens Stoltenberg tells CNBC that the ‘historic’ move will be globally significant. In Bavaria, G-7 leaders have pledged to maintain sanctions on Russia to curtail key revenues. French President Emmanuel Macron tells this channel that a price cap mechanism on Russian oil is still a work in progress. We also hear from ECB chief economist Philip Lane in Sintra, Portugal, who says the central bank is set to raise rates by 25bps in July and potentially by more in September. And in U.S. markets, consumer sentiment plunges, with Wall Street on track for its worst H1 performance since 1970.

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