WS #6910
The dominant signal in this window is the continued escalation of the Iran-US confrontation, with IRGC missiles and drones 'locked on American targets' and reports of US forces disabling Iranian oil tankers in the Strait of Hormuz. This is corroborated by multiple Bluesky posts and Polymarket markets on Strait of Hormuz traffic and peace deals. The narrative is ESCALATING. Separately, Putin stated the Ukraine war is 'winding down' and expressed openness to meeting Zelensky, which could signal de-escalation. The US April jobs report showed 115,000 jobs added, beating expectations of 65,000, indicating labor market resilience despite energy disruptions. IAG reported a 77% profit jump but warned of rising fuel costs. Meta's AI push is making employees miserable (NYT article). Hungary's Peter Magyar was sworn in as PM, signaling a pro-EU shift. On the corporate front, Mastercard saw 17 analyst estimate cuts and insider selling. NVIDIA is making technical progress on 3nm chips. Tesla is making moves despite French prosecutors seeking charges against Elon Musk.
Key developments
- IRGC missiles locked on American targets; US disabled Iranian oil tankers in Strait of Hormuz
- Putin says Ukraine war 'heading towards end', open to meeting Zelensky
- US April jobs report: 115,000 jobs added vs 65,000 expected, unemployment 4.3%
- IAG Q1 profit jumps 77% but warns rising fuel costs from Middle East conflict will hit future quarters
- Meta's AI push making employees miserable (NYT article)
- Mastercard: 17 analysts cut estimates, 4 insiders sold $21.8M
- Hungary's Peter Magyar sworn in as PM, signals pro-EU shift