The Intelligence Layer Beyond Your Own Book

The Bank of Japan raised its key interest rate by 25 bps to its highest level in 10 years, at 1%, as expected, and signaled that further policy normalisation lies ahead. Markets were driven by news that the United States and Iran reached an interim agreement to reopen the Strait of Hormuz and begin negotiations aimed at ending the conflict.

SpaceX is set to list on the Nasdaq after raising $75 billion in the world’s largest IPO, with shadow markets indicating a potential 35% jump on debut. This highlights strong investor appetite for AI and space infrastructure assets and could set a positive precedent for future mega-IPOs.

Global equities remain under pressure as the technology-led selloff deepens and geopolitical risks re-escalate. The MSCI All Country World Index slipped 0.3%, falling to its lowest level in over a month, while Asian equities dropped to a three-week low after US forces launched fresh strikes on Iranian targets, effectively undermining the April ceasefire.