WS #13924
The dominant narratives (CPI, AI capex, oil supply, Russia-Ukraine) remain stable with no new data points or counter-signals. This window carries 6 key development(s), 3 at significance:high: July CPI matches expectations at 3.4% YoY, core 0.2% MoM; Fed hold odds rise to 55%; CoreWeave and Nebius beat Q2, raise guidance; AI infrastructure demand robust; IEA slashes 2026 oil supply forecast by 4.3M bpd; OPEC cuts demand; Hormuz remains closed. A further 3 development(s) sit below significance:high.
Topics
Key developments
- July CPI matches expectations at 3.4% YoY, core 0.2% MoM; Fed hold odds rise to 55%
- CoreWeave and Nebius beat Q2, raise guidance; AI infrastructure demand robust
- IEA slashes 2026 oil supply forecast by 4.3M bpd; OPEC cuts demand; Hormuz remains closed
- US-Iran ceasefire extended 60 days via Pakistan mediation; Iran denies official extension
- Ukraine halts drone strikes on Black Sea oil tankers at US request; strikes on refineries continue
- Home Depot CEO takes temporary medical leave