WS #7345
No genuinely new material developments have emerged in the last 30 minutes that were not already covered in the previous synthesis. The dominant narrative from the Trump-Xi summit remains stable, with no new data points, counter-signals, or de-escalation developments to report.
Key developments
- Trump says Xi promised not to supply Iran with weapons, de-escalating oil risk
- Applied Materials Q2 earnings beat, guidance above estimates, shares up 6% AH
- Nasdaq and S&P 500 close at record highs; Dow reclaims 50,000
- Joshua Kushner's Thrive Capital invests $100M in Shopify
- Nearly half of US SPR crude oil released is being exported, signaling tight global supply