This content was published on
July 6, 2026 - 10:45
4 minutes
(Bloomberg) — US futures signaled a mild rebound in technology stocks at the start of a week in which South Korea’s memory giants will put the artificial-intelligence trade to yet another test.Nasdaq 100 contracts climbed 1% after the US holiday break, while those for the S&P 500 rose 0.4%. Europe’s Stoxx 600 held steady at record high. Stocks in Asia fluctuated, with Samsung Electronics Co. to come under scrutiny when the chipmaker releases earnings on Tuesday after a 165% year-to-date rally. The report will be followed days later by SK Hynix Inc.’s $29 billion US listing.These events will take on added significance in a week that features a thin data calendar, while the US earnings season is yet to kick into gear. They come as global stocks go through a stretch of uneven trading as investors question whether the AI-driven rally has run too far.“Speculative positioning in semiconductors and other hot technology themes is likely to continue being reduced,” said Roberto Scholtes, head of strategy at Singular Bank. “The key question will be whether this triggers a rotation into lagging sectors or a broader correction.”Oil prices fell as flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies, with Brent trading about 0.7%% lower at $71.61 a barrel. Treasuries bounced across the curve, sending the 10-year yield down two basis points to 4.46%.In a week with few major data releases, the key variable for Treasuries would be oil prices, said Francisco Simon, European head of strategy at Santander Asset Management.“Specifically, whether the recent downward trend remains in place and whether the newsflow around energy markets continues to stabilize,” Simon said. “Central bank communication could also move markets, although in the absence of significant new developments we would not expect a major shift in tone.”The yen lost ground against all Group-of-10 currencies as traders tested the resolve of Japanese authorities to intervene. Goldman Sachs Group Inc. joined the growing ranks of investors and strategists who are increasingly bearish on the yen, which is already trading around its lowest levels since 1986.The Wall Street bank revised its 12-month forecast to 165 from 155, reflecting fiscal pressures in Japan, higher-for-longer Treasury yields and only gradual rate hikes from the Bank of Japan, strategist Karen Reichgott Fishman wrote in a note.Corporate News:EasyJet Plc agreed in principle to a takeover offer of more than £5 billion from Castlelake LP, which swooped in as the UK budget carrier was reeling from soaring jet fuel prices and suppressed demand after the Iran war. ITV Plc has agreed to sell its media and entertainment arm to Comcast Corp.-owned Sky Group Ltd. in a deal worth as much as £1.6 billion ($2.1 billion) including debt, reshaping the UK television industry. Thales SA said it agreed to buy the Gorgé family’s 35.51% stake in Exail Technologies SA and plans to acquire the rest of the maritime robotics company via a mandatory tender offer. Nvidia Corp.’s server assembly partner Hon Hai Precision Industry Co. reported a bigger-than-expected 40% jump in quarterly sales and said AI demand is growing further. Some of the main moves in markets:StocksThe Stoxx Europe 600 was little changed as of 9:40 a.m. London time S&P 500 futures rose 0.4% Nasdaq 100 futures rose 1% Futures on the Dow Jones Industrial Average rose 0.2% The MSCI Asia Pacific Index was little changed The MSCI Emerging Markets Index was little changed CurrenciesThe Bloomberg Dollar Spot Index rose 0.2% The euro fell 0.1% to $1.1420 The Japanese yen fell 0.6% to 162.25 per dollar The offshore yuan fell 0.1% to 6.7949 per dollar The British pound was little changed at $1.3337 CryptocurrenciesBitcoin rose 0.2% to $62,817.41 Ether fell 0.6% to $1,764.85 BondsThe yield on 10-year Treasuries declined two basis points to 4.46% Germany’s 10-year yield declined one basis point to 2.92% Britain’s 10-year yield was little changed at 4.78% CommoditiesBrent crude fell 0.8% to $71.57 a barrel Spot gold fell 0.6% to $4,152.94 an ounce This story was produced with the assistance of Bloomberg Automation.–With assistance from Sangmi Cha.©2026 Bloomberg L.P.
