Swiss GDP (q/q) + 0.2% and y/y 1.4%

SpaceX plans a record IPO, targeting a late May filing and June roadshow. The deal could raise $75bn at a $1.75tn valuation, with an unprecedented retail allocation set to reshape IPO dynamics and test global equity demand.

Health insurers like UNH & HUM jump 5%+ on 2.48% Medicare Advantage payment boost. Valuation looks strong.

Hopes for a U.S.-Iran deal are fading ahead of Trump’s deadline to reopen Hormuz, with officials warning the gap remains wide. Failure could trigger strikes on Iranian infrastructure, raising risks for oil markets and global volatility.

PBOC sets USD/ CNY reference rate for today at 6.8854 (vs. estimate at 6.8773) The 6.8854 rate is the strongest, for CNY, in nearly 3 years.

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Crude futures climb $1+ as Trump's Iran deadline looms. Geopolitical risk premium boosts oil prices.

Anthropic is in talks to invest $200m in a new AI venture with private-equity firms, aiming to deploy tools across portfolio companies. The move highlights the shift toward enterprise AI monetisation and intensifying competition with OpenAI.