Market wrap: OPEC cuts 2026 forecast, banks see gains, TSMC surges

OPEC has further reduced its 2026 global oil demand growth forecast, citing U.S.-Iran tensions and Gulf production delays.

Big banks are set to report revenue gains driven by SpaceX’s IPO and Iran-related market volatility, with investment banking revenue expected to rise 26%.

TSMC reports a 68% surge in June revenue, but investors are questioning how long the AI spending boom can last.

Wells Fargo reported Q2 earnings, with management guiding for about $50 billion in net interest income this year.

Earnings season intensifies as inflation risks loom, with key data and Fed testimony expected to drive market movements.

President Trump claims the US will reinstate a naval blockade on Iran and charge a 20% toll on cargo through the Strait of Hormuz, escalating tensions with Iran.

A dormant Bitcoin wallet moved $188 million after seven years, reviving on-chain activity and drawing attention from analysts.

Fed governor Christopher Waller suggests rate hikes could be on the table if this week’s inflation data exceeds expectations.

XRP has shed 40% this year and now clings to a dollar-level floor as the CLARITY Act stalls in the Senate, creating uncertainty for investors.

Alamar Biosciences has launched a national study with top universities to advance research on blood biomarkers for neurodegenerative diseases using its NULISAseq Neuro 220 test kit.

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