WS #9611
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: US-Iran de-escalation continues with mixed signals, SpaceX IPO is the major event, NVIDIA's Vera CPU sales to China are ongoing, UK economic contraction persists, and oil supply risks from Ukraine drone strikes remain. No new counter-signals or shifts detected.
Key developments
- Trump says US-Iran deal could be signed this weekend; Iran denies final agreement
- SpaceX IPO priced at $135/share, raising $75B, market cap ~$1.77T
- Nvidia begins selling Vera CPUs to Chinese clients, availability as soon as August
- Ukrainian drones strike Russia's TANECO refinery; Russian oil production falls to lowest in over a year
- Meta begins dismantling $2B Manus deal on Beijing's orders
- World Bank cuts global growth forecast to 2.5%, warns of 1.3% crash under severe war fallout
- Flutter Entertainment to delist from London Stock Exchange, focus on New York
- Volkswagen to cut 19,000 jobs in Germany by year-end