WS #7185
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: escalating oil supply crisis, hot PPI data, and the Trump-Xi summit in Beijing. No counter-signals or de-escalation observed.
Key developments
- April US PPI surges 1.4% MoM (6% YoY), hottest since 2022, driven by energy costs
- Saudi Arabia crude output collapses to lowest since 1990 as Iran war chokes Persian Gulf exports
- Trump arrives in Beijing for summit with Xi; Musk and Huang accompany; focus on trade, AI chips, Iran
- Philippine Senate in lockdown after gunshots fired; police move to arrest Senator Dela Rosa on ICC warrant
- Nvidia partners with Ineffable Intelligence to build 'superlearner' AI systems; Amazon launches Alexa for Shopping
- Intel, AMD, Micron stocks surge on hopes of export control relief from Trump-Xi summit
- Bitcoin dips below $80,000 after hot PPI data; inflation fears weigh on crypto
- UK sends Typhoon jets, HMS Dragon to Strait of Hormuz amid rising Middle East tensions