Americas
Nobody Expected Intel to Survive
Intel posted $0.29 EPS against a penny consensus, surged 24% in its best day since 1987, and broke all-time highs. The stock is up over 90% in April alone.
Europe
Europe’s Gas Tank Is Almost Empty
EU gas storage sits at 31.47%, the lowest injection-season start since 2018. With Hormuz closed, Qatar's Ras Laffan damaged, and LNG flows halted, Europe faces a race it may not win.
Economy
The ECB Has No Good Options Left
Eurozone PMI hits 16-month low at 48.6 as inflation expectations double to 4%. The ECB faces a stagflation trap ahead of Thursday's rate decision alongside GDP and CPI data.
Americas
The S&P Just Hit 7,165. It Has Never Been This Profitable. It Has Never Been This Fragile.
The S&P 500 hit 7,165 on record 13.4% profit margins. Intel surged 22%. American Airlines lost its entire year. Both are in the same index. One is wrong.
UAE & Middle East
Four Central Banks. Three Days. One Oil Shock None of Them Can Fix.
The BoJ, Fed, BoE and ECB all decide rates this week. None of them can cut. Some may have to hike. Hormuz is running every central bank's playbook now.
Commodities
Trump Cancelled the Trip. The Spot Market Already Knew.
Trump pulled the US delegation from Islamabad as Brent hit $105. The EIA's $25 spot-futures gap is the signal the headline price isn't showing you.
Europe
4,500 Bitcoins. One Missing Founder. Zero Keys. Poland’s Largest Exchange Just Went Dark.
Zondacrypto's CEO revealed a $330M Bitcoin wallet nobody can access. The keys belong to the exchange's missing founder, presumed dead since 2022.
Commodities
Iran Is Charging Tolls on Hormuz. The Blockade Just Became a Business Model.
Iran deposited its first Strait of Hormuz toll revenue as Brent hit $103, the dollar held two-week highs, and gold fell 10% since the war began in February.
