WS #9915

The dominant signal in this window is the US-Iran ceasefire and Strait of Hormuz reopening deal, which is driving a global risk-on rally. Multiple sources (FT, Bloomberg, NYT, Al Jazeera, Benzinga) corroborate the agreement, with oil prices slumping >4% and Asian stocks surging. The Bank of Japan's rate hike to 1% (highest since 1995) was widely expected and triggered a 'buy the rumor, sell the fact' Nikkei rally to 70,000. Separately, Alibaba unveiled its first suite of Qwen-based robotic models, a positive AI signal. China's property stocks tumbled back to pre-2024 stimulus levels, a bearish signal for Chinese equities. The EU accused China of training Russian troops for Ukraine, escalating geopolitical tensions. Boeing confirmed eight fatalities in a B-52 crash at Edwards AFB. BlackRock reportedly eliminated 200 jobs. Ballard Power landed a second major 15 MW stationary power order. The US-Iran deal is the highest-significance development, with cross-source corroboration and clear market impact: oil bearish, equities bullish, shipping bullish. The BOJ hike is stable and already priced in. The Alibaba robotic models are a new positive for AI/semiconductors. The China property decline is a bearish carry-forward. The EU-China accusation is an escalation in geopolitical risk.