U.S. futures rise as oil weighed by supply while earnings loom
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U.S. futures rise as oil weighed by supply while earnings loom

By Wayne Cole and Harry Robertson SYDNEY/LONDON, July 6 (Reuters) – U.S. futures ticked higher and European stocks traded near record highs on Monday as the potential for increased energy supplies pulled down oil prices, while investors awaited a crucial ā€Œearnings season for the AI sector. While there were no new developments in the fractious…

Daily Spotlight: Stock Market Valuation Reasonable
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Daily Spotlight: Stock Market Valuation Reasonable

Summary We have different ways of looking at market valuations. Most are signaling that stocks are reasonably valued, but not bargains. Our asset-allocation model, the Stock/Bond Barometer, suggests that the two major portfolio asset classes are near parity for valuation. The model goes back to 1960 and takes into account the likes of real-time price…

Hedge funds dumped chip stocks for a fourth week as AI shares sold off
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Hedge funds dumped chip stocks for a fourth week as AI shares sold off

By Nell Mackenzie LONDON, July 6 (Reuters) – U.S. hedge funds sold tech hardware stocks for a fourth week in ā€Œa row, according to a client note from Goldman ā€ŒSachs on Friday, in line with a recent decline in global chip shares ​and just before many of these companies will report earnings. Tech shares and…

Financial services AI dangers highlighted by regulator’s review
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Financial services AI dangers highlighted by regulator’s review

By Phoebe Seers LONDON, July 6 (Reuters) – Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions. In a review commissioned ā€Œby the Financial Conduct Authority and published on Monday, the watchdog’s executive director, Sheldon Mills,…

South Korea’s SK Hynix launches  billion US listing to ride global AI wave
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South Korea’s SK Hynix launches $28 billion US listing to ride global AI wave

July 6 (Reuters) – South Korean chipmaker SK Hynix on Monday launched a U.S. share sale to raise 43 trillion won ($28.07 billion) and drew indications of interest for up to $7 billion from major investors, as it capitalises on the global AI boom with one of the world’s largest new share sales. Baillie Gifford…

Morning Bid: From payrolls to profits
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Morning Bid: From payrolls to profits

By Anna Szymanski July 6 (Reuters) – What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Markets began the week on a mixed note, with Asian shares easing and Wall Street futures ticking up before the bell on Monday ahead of the first wave of second-quarter earnings reports this…

Stocks Set to Open Higher on Tech Boost, Fed Minutes Awaited
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Stocks Set to Open Higher on Tech Boost, Fed Minutes Awaited

September S&P 500 E-Mini futures (ESU26) are up +0.48%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.10% this morning, pointing to a higher open on Wall Street after the long weekend. Stock index futures were supported by a rebound in technology stocks at the start of a week that will once again test investors’…

Stock market today: S&P 500, Nasdaq, Dow futures climb after record-setting week
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Stock market today: S&P 500, Nasdaq, Dow futures climb after record-setting week

US stock futures rose following a record-setting week for the Dow, with tech and hardware stocks driving the gains. Futures linked to the S&P 500 (ES=F) rose 0.5% as contracts tied to the Nasdaq 100 (NQ=F) jumped 1.4%. Dow Jones Industrial Average futures (YM=F) traded flat Last week saw strong gains across the three major…

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