Bank of America (BAC) sees "more concern and cautiousness" than the activity data shows, but the environment is still "pretty ripe" with tight credit spreads and higher rates supporting M&A and CapEx

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[MARKET UPDATE] Downside seen in XAU/USD, moving notably below USD 4.3k/oz, other assets relatively contained.

Aflac (AFL) says Japan's underlying demand is "flat to maybe slightly negative", as population shrinks; cancer and medical penetration is already reasonable

Bank of America (BAC) sees "more concern and cautiousness" than the activity data shows, but the environment is still "pretty ripe" with tight credit spreads and higher rates supporting M&A and CapEx

Israel's IDF top general says "our strike in Iran was a preparation for a heavier blow"

American Express (AXP) notes that QTD billing growth is "slightly stronger" than in Q1, adding that Q1 FX-adjusted billing growth of around 9% was the strongest in three years

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