WS #8322
No material new developments detected in the last 30 minutes. The dominant narrative of Iran conflict escalation and oil supply disruption remains unchanged, with no counter-signals or de-escalation reported. The Texas primary outcome and Marvell earnings preview are stale from the previous cycle.
Key developments
- Iran conflict escalates: Israeli airstrikes kill 31 in Lebanon, Strait of Hormuz traffic down 93%
- ECB warns of sovereign vulnerabilities and stretched equity valuations amid energy shock
- EU clears legislation to implement import duty cuts for US goods, key part of trade deal
- Micron Technology joins $1 trillion club after 19% surge, overtaking JPMorgan and Walmart
- Ukraine launches massive drone/missile strikes on Russia, including Storm Shadow on airfields
- Taiwan suspects Nvidia chips smuggled to China via Japan
- Goldman Sachs raises S&P 500 target to 8,000 on robust earnings growth
- HDFC Bank denies wrongdoing after media reports, citing robust internal controls