WS #12145

The data window shows a mix of geopolitical tensions and corporate developments. Iran's rhetoric escalates with a billboard depicting Trump in a coffin and a statement calling the conflict 'existential,' while the US reviews military contingency plans for Cuba, though officials note Iran tensions make immediate action unlikely. On the corporate front, ASML raised its 2026 revenue guidance sharply to €43-45 billion, but the stock barely reacted as markets await hyperscaler capex commentary. IBM shares plunged ~26% after preannouncing a weak quarter due to software softness, dragging tech sentiment. New York imposed a one-year ban on hyperscaler data centers, threatening AI infrastructure growth. The US-Iran narrative remains stable with no new escalation or de-escalation signals, while the Cuba contingency review is a new development but currently low probability.