Wars and Rumors of Wars

Key Events This Week: CPI, PPI, Retail Sales, Warsh Testifies, China Data, And Earnings Galore As well as two epic World Cup semi-finals before that, and the start of the Open golf it’s a packed week ahead in markets, writes DB's Jim Reid. The headline events are tomorrow’s US CPI and Wednesday’s US PPI, alongside Fed Chair Warsh’s first Humphrey–Hawkins testimony before the House Financial Services Committee (tomorrow) and the Senate Banking Committee (Wednesday). Elsewhere, key data includes China’s Q2 GDP and their monthly data dump (Wednesday) and the UK’s May...

Iran Decries US 'Ceasefire Violation' After Overnight Port Raid, Insists On $12BN Fund Release To Advance Talks Summary IRGC says its military shot down an MQ-9 drone and forced an F-35 jet out of Iranian airspace. Tehran formally accuses Washington of "ceasefire violation" while warning a final deal is not yet imminent, while Pentagon cites "self-defense" strikes in Hormuz overnight. Ayatollah Hajj message: US will "no longer have a safe haven for mischief & the establishment of military bases in the region." Teran is demanding "12 billion released now and 12 billion after MOU...