WS #11469
No genuinely new market-moving developments have emerged in the last 30 minutes. The dominant narrative remains unchanged: oil market normalization continues, OPEC+ production increase is stable, and the Fed rate cut expectations are unchanged. No counter-signals or new data points were detected.
Topics
Key developments
- OPEC+ agrees to 188,000 bpd production increase for August, fifth consecutive monthly hike
- Trump-Zelenskyy meeting set for NATO summit amid US push to end Russia's war
- Micron breaks ground on $9.3B Hiroshima expansion for AI memory, supported by $3.1B Japanese subsidies
- Apple's rebuilt Siri splits by RAM, potentially pressuring base iPhone 18 models
- Apple raises MacBook, iPad, HomePod, and Apple TV prices due to memory chip cost surge