WS #11180
No genuinely new material developments in the last 30 minutes. The previous synthesis remains current with no new data points or counter-signals to report.
Topics
Key developments
- Meta building new cloud business to monetize excess AI compute
- Strait of Hormuz oil flows surge to 10 million bpd with US military support
- US ISM Manufacturing misses estimates (53.3 vs 54.0), ADP Employment misses (98K vs 120K)
- Russia confirms fuel shortage, imports refined fuel from India
- USMCA non-renewal confirmed; US to pursue separate protocols with Canada and Mexico
- Bending Spoons IPO rises 6.9% above IPO price
- FactSet signals high end of FY2026 ranges, cuts 10% of tech workforce
- Lockheed Martin upgraded to Buy at Citi