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AI credit risks rise; China inflation softens, Japan data strengthens, but yen weakens despite hawkish BoJ signals.
Risk Assets Rally, Crude Drags Inflation Expectations
Stocks hit record highs as earnings, easing oil and softer Fed expectations align, but markets remain vulnerable if growth or oil reverses.
LATEST REPORTS
Margins dropped in Asian, US, and European regions
Refinery Margins Report for the week ending 07 August
11 page report
Bearish Reversal
Speculators trim crude length on greater hopes for a Hormuz reopening; CTA short selling decelerate; natural gas length near 2-year lows
13 page report
Brent drops on US jobs report, sees support into the afternoon
The 13:30 BST drop emerged alongside the release of US non-farm payrolls, which posted a loss of 23,000 jobs in the US in July 2026...
C3 FEI
Some length has unwound in the front FEI spread, but positioning stays net long. Monitor $27/mt for a critical reversal indicator....