Preliminary US-Iran Peace Carries AI Rally Despite Canceled Switzerland Talks – Fed Chair Warsh Keeps Rates Steady – Strategists Raise S&P 500 Target to 7,716 Points and Predict 13% Annual Gain – DAX Indecisive, Suss Microtec Soars to Record High – Amazon Challenges NVIDIA with Trainium Chips – Take-Two Ignites with GTA VI Mega Launch – ASML Faces US Pressure in China Chip Dispute – Fujikura Raises Forecast After AI Order Surge

USA & MACRO-OUTLOOK Wall Street takes a breather at the end of the week The US cash markets remain closed due to the Juneteenth holiday , with the futures contracts on the S&P 500 down 0.14% – following the strongest week since the end of May. The initial relief over the preliminary peace agreement between the US and Iran gives way to the realization that a lasting deal still requires tough negotiations. Friday's talks in Switzerland about a permanent agreement have been postponed , following Israeli airstrikes on Hezbollah positions...