WS #6282
The dominant narrative remains the Iran war and its inflationary impact, with no material new developments in the last 30 minutes. The UK terror threat level escalation and PCE inflation data are already covered. No counter-signals or de-escalation signals detected. Conditions are stale.
Key developments
- Oil prices surge to highest since 2022 on report of new US military plans for Iran
- US PCE inflation jumps to 3.5% in March, highest in nearly three years
- UK terror threat level raised to 'severe' after Golders Green stabbing
- Meta shares plunge 9% on raised CapEx guidance, reigniting AI spending fears
- Eli Lilly beats Q1 estimates by wide margin, raises full-year guidance
- US House votes to end record 75-day DHS shutdown
- KKR raises over $10 billion for AI infrastructure company
- FDA approves Axsome's AUVELITY for Alzheimer's agitation