WS #7150
No material new developments in the last 30 minutes. The Strait of Hormuz crisis and elevated oil prices remain the dominant narrative, but no new data points or counter-signals have emerged to shift the prevailing thesis.
Key developments
- Iran retains missile capacity; Strait of Hormuz remains closed; oil holds gains
- US inflation rises at fastest rate since May 2023; Kevin Warsh confirmed to Fed Board
- UK PM Starmer faces leadership crisis; four ministers resign, over 80 MPs call for him to step down
- Cerebras to guide IPO pricing above range; SMH surges as S&P 500 and Nasdaq set new records
- JBS Q1 EPS and revenue miss estimates; protein sector under pressure
- Highwoods sells Bridgestone Tower for $255M; office REIT sector positive
- MSCI adds Medline, MasTec, TechnipFMC to World Index; passive inflows expected
- Ananym urges BWX Technologies to commercialize reactor design; shares could double