WS #10133
No material new developments in the last 30 minutes. The Ukraine-Russia conflict escalation, US-Iran deal implementation, Fed rate hike expectations, and tech/semiconductor rally narratives remain unchanged from the previous synthesis.
Topics
Key developments
- Ukrainian drones strike Moscow oil refinery in largest attack since 2022; Russian lawmaker demands 'real war'
- Strait of Hormuz threat level reduced to moderate; oil prices fall over 30% from peak
- Fed officials edge closer to rate hikes under new Chair Warsh; long-end yields at rarely seen levels
- Semiconductor stocks surge on Trump Truth Social post about Intel; MU +9.46%, INTC +11%, NVDA +2.61%
- Microsoft reportedly built significant AI business providing models to Chinese companies