Welcome to Markets Desk, your midday read on what's moving markets and the world behind them.
Equities are firmly in the green today after President Trump signed a preliminary deal to end the US-Iran conflict. The S&P five hundred is up nearly three quarters of a percent, the Nasdaq one hundred leading the charge with gains of over one and a half percent, as risk appetite returns and traders price in reduced geopolitical pressure on global energy supply chains.
Shifting to the semiconductor space, Marvell Technology hit a fresh all-time high today, and the catalyst may trace back to a quiet but significant move from Amazon. Reports suggest AWS is preparing to offer its custom Trainium AI chips to third-party companies, a development that signals deepening competition in the custom silicon market and validates the broader AI infrastructure buildout that names like Marvell are riding hard.
And in UK politics, a story worth watching for anyone tracking transatlantic macro risk — Greater Manchester Mayor Andy Burnham has entered Parliament with an explicit ambition to challenge Keir Starmer for the Labour leadership. How quickly that challenge materializes depends largely on Starmer's response, but the political uncertainty adds another variable to an already complicated UK fiscal picture.
That's the tape. Markets Desk, signing off the floor.
