š±Trumpās push for lower rates faces bigger hurdles than Powell, as $34 trillion in US debt, 73 million retiring boomers, and falling foreign demand drive borrowing costs toward a sustained 4.5%ā5% range.
šØš Switzerland's July CPI surprised by holding steady at 0% m/m (vs. -0.2% expected) and rising to +0.2% y/y (vs. +0.1% expected).
š¢OPEC+ ends its two-year supply boost campaign but leaves markets guessing on the fate of 1.66 million barrels a day still offline, with all options ā pause, push, or pull back ā firmly on the table.
āļø Over 3,200 Boeing defense workers went on strike after rejecting a contract offering a 20% wage hike and $5,000 bonus ā with shares trading at $221.90, up slightly today.
š #BMW has unveiled its new iX3 SUV with up to 800āÆkm of range and 400āÆkW fast charging, aiming to dethrone Teslaās ModelāÆY as the EV benchmark ā with BMW shares trading today at ā¬82.10, down about 2.1%