WS #6267
No material new developments in the last 30 minutes. The dominant Iran war narrative and tech earnings themes remain unchanged. No counter-signals or de-escalation detected.
Key developments
- Trump briefed on Iran strike options; oil hits four-year high above $126
- ECB holds rates at 2.00%, flags inflation risks from Iran war
- Meta (META) plunges 10% on capex increase, FCF pressure, bond offering
- Alphabet (GOOGL) rises on strong cloud earnings, highest operating margin since 2010
- Japan intervenes in FX market, USD/JPY drops to 155 from 160
- US Q1 GDP misses at 2.0% vs 2.3% estimate, Core PCE surges to 4.3%
- Caterpillar (CAT) beats Q1, shares hit record high on AI data center demand
- Ukraine drones strike major Russian refinery in Perm, crippling processing