The G7 has agreed to release a combined 100M barrels of emergency crude and diesel reserves over the next four months to ease the global energy price shock triggered by the Russia-Ukraine conflict. After the announcement, international oil prices fell back below $100 a barrel. The move is a rare coordinated market intervention by major consuming countries aimed at boosting short-term supply and tempering prices.

Nvidia added $150B to its share buyback plan, lifting its remaining repurchase authorization to a record $235B. The move signals confidence that its AI business will continue to generate strong revenue and cash flow.

As of the most recent week, U.S. equity funds attracted $20.6B in inflows. Over the same period, money-market funds recorded $41.36B in outflows. The flow data point to a renewed rotation from cash-like assets back into risk assets.

Japan’s energy group JERA, together with Dell Technologies and infrastructure firm RHAELM, plans to invest $15B to build a 400MW AI data center in Chiba Prefecture. Apollo Global Management will provide financing support. The project is aimed at meeting AI computing demand and is targeted to begin operations from 2028. Dell will supply related hardware equipment.

Alphabet shares rose 2.3% after Google introduced Gemini 4 Argon as its latest flagship AI model. The company is positioning the new release to compete with OpenAI and Anthropic.

International crude prices rose for a fifth straight session, with Brent nearing $92 a barrel. A surprise build in U.S. crude inventories failed to derail the move. Instead, geopolitical risks around the Strait of Hormuz dominated trading, fueling worries over potential supply disruptions.

The 30-year U.S. Treasury yield rose to 5.29%, its highest level since 2006. As risk-free rates climbed, U.S. equities came under pressure, with the S&P 500 and the Dow Jones Industrial Average both moving lower. The declines reflect investor concerns about company valuations and financing costs in a higher-rate environment.

Rocket Lab reported second-quarter results with record quarterly revenue and a record backlog. The company’s net loss widened more than expected, and the timing of the first launch of its next-generation Neutron rocket remained uncertain. Following the release, the stock fell 8%, as concerns about delays and profitability outweighed optimism about revenue growth.

Gold rose after U.S. July payrolls fell by 23,000. The weaker jobs report cooled expectations of Federal Reserve rate hikes. Prices climbed above $4,300, marking a seven-week high.