WS #10748
No material new developments in the last 30 minutes. The dominant tech selloff narrative remains stable with no fresh catalysts or counter-signals. The Ras Tanura reopening and ECB rate cut expectations are unchanged from the previous window.
Topics
Key developments
- Apple shares drop 6% as company raises Mac and iPad prices to combat surging AI memory costs
- Chinese hedge funds warn AI 'super bubble' is ready to burst
- Shipping traffic in Strait of Hormuz recovers to highest weekly total since war began, but new attack on container ship throws fragile confidence into question
- Fed Chair Warsh taps veteran Fed economists Daniel Covitz and Eric Engstrom as advisers
- Kazakhstan's Karachaganak oil field cuts production by more than a quarter after drone attacks on Russian facilities