WS #12992
No material new developments in the last 30 minutes. The dominant narrative remains the Middle East escalation and oil surge, with no counter-signals or de-escalation reported. The FOMC decision and earnings reports from the previous window still pending.
Topics
Key developments
- Trump vows 'beating' against Iran after bases targeted; China reportedly sending rocket launchers to Iran
- Oil surges 7-8%: WTI +7.77%, Brent +8.03% above $90
- FOMC interest rate decision at 2:00 PM ET; Polymarket shows heavy betting on 25bps hike
- Seagate blowout Q4: revenue $3.63B, EPS $5.71 beat; AI storage demand robust
- Johnson Controls beats Q3 estimates, raises FY26 organic sales outlook; data centers becoming one-third of business
- Parsons shares crash after $15.2M Q2 loss and sharp cuts to 2026 revenue and EBITDA guidance
- Banc of California stock sinks 9.8% after balance sheet repositioning produces Q2 loss of $241.3M
- L'Oreal Q2 sales €11.62B, +6.3% on adjusted LFL basis (beat consensus +5.7%); H1 operating margin 21.3%