Oil surge sparks food inflation fears. Conagra's margins dip 2.1%, pressuring Walmart's 0.08% gross margin gains.
Ackman bids $64B for UMG, offering a 78% premium. UMG trades at <22x earnings, ripe for turnaround.
MSFT down 23% YTD, but analysts see 50%+ upside. AI risks vs. Azure/M365 growth. P/E 22.
Oil plunges 13%+ as Trump signals Iran ceasefire; Strait of Hormuz risk premium shrinks.
PBOC sets USD/ CNY central rate at 6.8680 (vs. estimate at 6.8369)
Oil plunges 16% on ceasefire news; S&P 500 futures surge 2.5%. Gold up 2.5%, silver 4.6%.
Vietnam joins emerging markets! Expect $6B inflows, phased in by 2027. VN Index may surge.
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