Trump's Iran Shock Ends the Ceasefire and Drives Oil Prices Up by About 5% – Geopolitics Forces Investors to Reassess, While Ed Yardeni Sees the Fed Returning to Tightening Course – Alibaba Ignites the China Tech Rally with the Biggest Jump Since September, Meta Unveils Its Own Image AI, While the DAX Tumbles Below 25,000 Points and Vonovia Drops by 5%.

USA & MACRO-OUTLOOK Wall Street is under the impression of a suddenly returning geopolitical premium After a weak start, the leading indices stabilize during the trading session: the S&P 500 is at -0.57%, the Nasdaq 100 holds nearly unchanged at -0.33%, while the Dow Jones Industrial falls more significantly at around -1.1%. The cause of the uncertainty is President Donald Trump, who declares the ceasefire with Iran officially over on the sidelines of the NATO summit in Ankara, Turkey: "From my perspective, it’s over,” says the...