Stumbles

• Major financial institutions saw stock surges after exceeding their Q2 earnings forecasts, while June inflation data showed a cooling trend. • In contrast, IBM shares stumbled following a reduction in the company's future outlook. • Oil prices climbed higher, driven by escalating geopolitical concerns in the Middle East.

• The European Union's €20 billion initiative to establish five AI data centers is facing significant delays and funding gaps, with the bidding process pushed back to July. • Interest from potential partners has plummeted, with the number of interested companies dropping from 70 to just 10, leading some consortia to reconsider their involvement. • Key industry players are still involved, including Telefónica leading a Spanish consortium and Germany's Schwarz Group and Deutsche Telekom expressing interest in leading bids.