AI euphoria defies Iran escalation: Wall Street climbs the wall of worry – ECB executes its first rate change in nearly three years – SpaceX mega IPO raises over $70 billion and heads towards record debut – Oracle shines with $638 billion backlog, but shocks with billions in capex – Visa teams up with OpenAI - Navan explodes after earnings surge

USA & MACRO-OUTLOOK Wall Street shows remarkable resilience this Thursday The S&P 500 rises by +0.09% and is working its way up from a five-week low, while the tech-heavy Nasdaq 100 takes the lead with +0.38%. The recovery is driven by major technology stocks, despite headlines that sound anything but carefree. At the center is the geopolitical escalation US President Donald Trump announces on Truth Social that the USA will hit Iran hard and will seize the island of Kharg along with its central oil infrastructure to take full control...