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Labour's Andy Burnham says there is a need to make "life more affordable." He speaks at a rally in Makerfield on Friday, after his decisive victory in the by-election which secured him 54.8% of the vote.

Erik Wytenus, JPMorgan Private Bank EMEA head of investment strategy, discusses markets' reaction to Greater Manchester Mayor Andy Burnham's victory in the Makerfield special election. Speaking on Bloomberg Television, Wytenus says the market is attuned and prepared for the "era of fragmentation and political winds of change," adding that "focusing on what the private sector is doing on its own merits is typically the best way to invest."

As the interim US-Iran peace deal has taken effect, oil shipments through the Strait of Hormuz have begun in earnest. Hasnain Malik, Managing Director for Emerging Market Equity & Geopolitical Strategy at Tellimer spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on the GCC's plan for the 60 day respite ahead.

Anna Edwards, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

As the interim US-Iran peace deal has taken effect, President Trump has stated it includes a ceasefire on all fronts, including Lebanon. The deal has been widely and vocally panned in Israel. Mairav Zonszein, Senior Analyst for Israel at the International Crisis Group spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on Israel's reaction to the deal.

Greater Manchester Mayor Andy Burnham won a decisive victory for the Labour Party in a by-election in the constituency of Makerfield with 54.8% of the vote, defeating Robert Kenyon from right-wing Reform UK, who secured 34.5%. Burnham's win forges a pathway to challenge UK Prime Minister Keir Starmer for his job. Bloomberg's Ruth David reports.

US Commerce Secretary Howard Lutnick outlined concerns to ASML's senior leaders that one of its top-of-the-line machines may have made its way into China, in violation of US-led export restrictions. ASML has pushed back on Lutnick's suggestion, explaining that none of its extreme ultraviolet lithography machines are in China, according to people familiar with the talks. Bloomberg's Neil Campling reports.

The global oil market is zeroed in on activity in the Strait of Hormuz after the US and Iran inked an interim deal to end their war and reopen the critical waterway. While equities have largely shrugged off the turmoil, central banks and traders are eagerly watching for signs of further energy-supply disruption and impacts on inflation. The Opening Trade spoke with leading market voices for their take on the deal, how global economies have handled the conflict and whether the world can return to pre-war pricing.

Valuations have eased and foreign inflows weakened, yet India is still not seen as cheap relative to global peers, according to Bank of America's India CEO Vikram Sahu. He joined Haslinda Amin and Menaka Doshi on Insight with Haslinda Amin.

A constitutional amendment approved by parliament would lengthen presidential terms and allow the 83-year-old leader, Emmerson Mnangagwa to remain in office beyond 2028. Bloomberg's Jennifer Zabasajja reports from Johannesburg.