Anthropic's AI Warning To Weigh On Stocks As Contracts Traded On Hyperliquid Slide

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...

Jet Fuel Shortage Deepens Pressure On Global Airlines Via City AM, Heathrow’s April passenger numbers fell 5% to 6.7 million, with Middle East traffic down 50%. Transfer traffic rose 10% as travellers rerouted through Heathrow to Asia and Oceania. Airlines are facing mounting pressure from jet fuel shortages and higher oil prices. Fewer passengers were heading to Heathrow Airport in April as the war in the Middle East keeps travellers grounded. Passenger numbers at Europe’s biggest airport fell by five per cent in April to 6.7m with the blame being attributed to the “ongoing impact of the...