WS #6732
No genuinely new material developments in the last 30 minutes. The dominant signals from the previous window—Strait of Hormuz de-escalation, Trump China trip, ECB hawkishness, Shell earnings, SoftBank AI servers—remain unchanged with no new data points or counter-signals. The narrative is stable.
Key developments
- Saudi Arabia and Kuwait lift restrictions on U.S. military access, enabling Project Freedom to resume in Strait of Hormuz
- Trump invites NVDA, AAPL, XOM, BA, QCOM CEOs on China trip next week
- Fed's Daly says 'too early to tell' on end of rate-cutting cycle, no inflation concern from energy
- SoftBank in talks with NVDA and Foxconn to build made-in-Japan AI servers
- Shell earnings surge on oil trading bonanza, stock down 2.9%