WS #7863
No material new developments in the last 30 minutes. The dominant narratives from the previous synthesis remain unchanged: European recession risk is escalating, US-Iran conflict is de-escalating, and Nvidia's earnings carry forward as a bullish signal. No counter-signals or non-dominant-narrative developments have emerged.
Key developments
- Eurozone and UK PMIs collapse to multi-year lows, confirming recession
- Meta lays off 8,000 employees (10% of workforce) to offset AI costs
- Tesla launches Full Self-Driving in China
- Ukrainian drones strike Syzran oil refinery in Russia
- SpaceX files for IPO, but Axios says 'not the behemoth everyone thought'
- Microsoft stock is market's biggest drag amid AI woes
- OpenAI accelerates IPO plans, could file this week
- Rheinmetall sells first bond in 16 years, €500M