WS #8130

The dominant signal in this window is the US-Iran peace deal narrative, which is showing signs of de-escalation and potential resolution. Trump told negotiators 'not to rush' into a deal, but Gulf markets surged on expectations of a Strait of Hormuz reopening, and a tanker carrying Iraqi oil to China exited the Gulf. This suggests the deal is progressing despite Trump's caution, with oil prices dipping below $100. The Ebola outbreak in DR Congo is escalating, with suspected cases passing 900 and health workers facing attacks, but global spread risk remains low. Russia launched one of its largest attacks on Kyiv, firing hundreds of drones and missiles, escalating the Ukraine conflict. A White House shooting incident occurred but appears contained. Uber is reportedly weighing a higher bid for Delivery Hero after an €11.5bn offer was rebuffed, which could impact UBER and delivery stocks. Salesforce stock is bullish ahead of earnings despite SaaSpocalypse fears. BofA warned AI stock mania is nearing historic extremes, a potential bearish signal for tech. Qualcomm shares surged on strong performance. The bond market message suggests higher yields may outlast the Iran war. Overall, the Iran deal progress is a bullish counter-signal to the oil supply crisis, while the Russia-Ukraine escalation and AI mania warning are bearish for risk assets.