Bank on it

Europe's ASML raises its full-year revenue forecast, steadying sentiment around AI infrastructure spending after IBM logged its worst single-day stock drop on record. U.S. core CPI posts its first monthly decline in over six years, easing pressure on the Fed. And volatile markets and a busy IPO pipeline hand the big banks a bumper quarter.

Today’s recommended read: China's latest 'shock', German auto pain and the euro/yuan pressure cooker, Mike Dolan

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