Cleveland Fed July median CPI +0.5% m/m vs +0.7% prior

Japan's economy minister says monetary policy is the BOJ's call but warns rising rates could affect the economy through multiple channels, while citing ongoing capex growth and moderate recovery.

The ECB is expected to raise its deposit rate by 25 basis points to 2.25% on Thursday, with focus on guidance for further hikes as oil-driven inflation risks persist.

API CEO Mike Sommers warns the US SPR is approaching operationally critical levels at 350 million barrels, with gasoline stocks already down 38 million barrels, urging rapid reopening of the Strait of Hormuz.

US May CPI due Wednesday is seen as a critical test ahead of the June 17 Fed decision, with money markets pricing a 98% chance of a rate hike by December amid persistent inflation.

Intel's stock jumps on Google's reported AI chip foundry order, signaling a potential revival and boosting its valuation.

Trump says going to "win it over the next two weeks". Usual lies and bluster? Trump spoke at a tele-rally

Intel jumps on reports of Google & Nvidia foundry deals. AI race could spark revival, boosting its valuation.