WS #10498
No material new developments in the last 30 minutes. The dominant narratives remain unchanged: tech selloff deepening, oil/geopolitical risk de-escalating, private credit liquidity concerns emerging. No counter-signals or new data points to report.
Topics
Key developments
- US issues sweeping 60-day waiver on Iranian oil sanctions, unlocking billions in revenue
- ECB's Lane warns inflation could stay above 2% for quite some time, energy to keep inflation well above target into H1 2027
- UK June flash composite PMI misses at 49.4 vs 50.6 forecast, services PMI at 48.7 vs 50.1
- JPMorgan upgrades IBM from neutral to overweight, PT raised to $291
- Trump signs executive order requiring development of powerful quantum computers; Infleqtion and IBM rise premarket
- SpaceX drops another 2%+ premarket after $400B selloff; Cathie Wood buys the dip
- Ukrainian drones destroy oil storage at Palkino pumping station in Yaroslavl and strike Kerch TES in Crimea
- Iranian ambassador warns Trump's remarks put Swiss talks at very serious risk