WS #10138

The dominant theme in this window is the continued escalation of the Ukraine-Russia conflict, with a massive 194-drone attack on Moscow striking the Kapotnya oil refinery, grounding airports, and marking the largest such assault since the war began. This is corroborated by multiple sources (Fox News, Al Jazeera, social media videos, and official statements from Zelenskyy vowing to continue strikes on Russian oil infrastructure). The attack is a significant escalation that could drive oil prices higher and increase geopolitical risk premiums. Separately, MSCI released its 2026 Global Market Accessibility Review, downgrading Indonesia's information flow criterion and citing opacity in shareholding structures and coordinated trading behavior, which could negatively impact Indonesian equities and related ETFs. On the corporate front, Meta secured AI computing power from Crusoe data centers (Bloomberg), and SpaceX received a BBB+ rating from Fitch and a BBB rating from S&P after its IPO, signaling strong creditworthiness. Bitcoin continued its slide to $63,000, shedding post-Iran deal gains, as the hawkish Fed stance under new Chair Warsh weighs on risk assets. The Ukraine drone attack on Moscow is the most significant new development, escalating the conflict and potentially offsetting the recent de-escalation from the US-Iran peace deal.