- Empire State manufacturing index improves to -5.2 from -6.2
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Nvidia's $2B Marvell investment sparks 6.9% surge. ON, MPWR, MCHP jump on AI ecosystem boost.
WESCO jumps 4.1% on de-escalation hopes; still 15.4% below 52-week high.
OpenAI's $852B valuation fuels AI race, but profitability remains elusive. Watch for IPO buzz!
Woven Capital deploys $800M+ in mobility startups, seeking high-growth potential & Toyota partnerships.
UAE pushes to reopen Hormuz by force, raising risk of wider war This is bullish for oil and LNG risk premia. Any credible move toward military action in Hormuz raises the probability of prolonged disruption to a critical energy artery.
Tankan recap - Japan firms resilient now but warn of worsening outlook ahead
Japan PMI slows to 51.6 as cost pressures rise and outlook weakens The data supports the BoJ’s gradual tightening bias
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