WS #11768
No material new developments in the last 30 minutes. The dominant macro theme of US-Iran conflict remains stable with markets pricing in short-lived escalation. No counter-signals or non-dominant-narrative developments emerged.
Topics
Key developments
- SK Hynix raises $26.5B in largest foreign IPO in US history, priced at $149/share with 7x oversubscription
- Micron announces >$250B US investment plan through 2035, stock up 4.5%
- US-Iran conflict escalates with resumed strikes, but oil prices ease and Nasdaq rallies 1.3%
- Fed Chair Warsh names Marc Andreessen and Microsoft exec Asha Sharma to lead AI economic impact task force
- Japan June PPI beats at 7.1% Y/Y vs 6.8% forecast, monthly inflation cools