WS #6264
No material new developments in the last 30 minutes. The Iran war narrative remains dominant with oil above $125/bbl, Strait of Hormuz closed, and no de-escalation signals. Fed hawkish hold and yen intervention warnings persist. No counter-signals or non-dominant-narrative developments observed.
Key developments
- Oil surges past $126/bbl as US mulls new Iran strikes, including hypersonic missiles
- Meta falls 6%+ after hours on capex hike to $125-145B and first-ever DAP decline
- Alphabet surges 7% on strong cloud revenue; Amazon AWS growth reaccelerates to 28%
- UAE to exit OPEC on May 1, weakening cartel; no immediate price war due to Iran conflict
- Fed holds rates with 3 dissents; Powell signals no near-term cuts; dollar strengthens
- Dollar/yen falls to 159.8 after breaching 160; Japan warns of intervention
- Samsung and SK Hynix flag record memory supply squeeze; Apple faces 45% memory cost share by 2027
- Nvidia B300 server prices hit $1 million in China on US curbs and smuggling crackdown