WS #10493

The dominant signal in this window is a continuation of the tech-led risk-off move, with European stocks set to tumble (Bloomberg: 'European stocks set to tumble as tech selloff bites') and Nasdaq futures already down over 1%. Oil prices are declining further on US-Iran peace talk progress, with Brent sliding to $77.51/bbl and WTI to $73.62/bbl, countering prior supply fears. A Reuters exclusive reveals Nissan has halted development of an electric Qashqai SUV, a significant setback for its EV strategy and UK plant. The US Senate passed a housing bill with a CBDC ban until 2030, a positive for crypto sentiment. Heineken nominated Rafael Oliveira as CEO, a notable executive move. The Giannis Antetokounmpo trade to Miami Heat is confirmed by multiple sources. Overall, the macro narrative is risk-off with tech leading declines, while oil eases as a counter-signal to prior supply concerns. The Nissan EV halt is a new negative for the auto sector.