WS #13249
No material new developments in the last 30 minutes. The dominant narratives (US-Iran de-escalation, AI selloff, Microsoft's rally) remain unchanged with no new data points or counter-signals.
Topics
Key developments
- Iran denies any deal to reopen Strait of Hormuz, contradicting Trump's claim of canceled strikes
- OPEC+ approves 188,000 bpd output increase for September, completing unwinding of 2023 cuts
- Technology sector slumps in July as AI and memory stocks lead selloff; SOX index plunges 21%
- Microsoft's record $450B single-day market cap gain (Azure +43%) signals AI divergence
- Amazon recovers $600M from illegal tariffs, will refund customers
- Eurozone inflation rises to 2.9% in July, driven by energy prices