Morning all!- US President Trump said the war with Iran will end very soon and that oil prices will fall once the confli | Hanami
Morning all!
- US President Trump said the war with Iran will end very soon and that oil prices will fall once the conflict concludes, while Saudi Arabia conducted further strikes against Houthi targets in Yemen.
- US President Trump said Zelensky and Putin have to get together and end the war, while he thinks they support the energy ceasefire.
- APAC stocks mostly declined amid a tech-led sell-off following weakness in US chip and memory stocks; US equity futures were pressured, while European futures point to a lower open.
- DXY softened amid lower yields and geopolitical developments; crude futures declined despite continued Middle East tensions and uncertainty over a Russia-Ukraine energy ceasefire.
- Looking ahead, highlights include German Final Inflation (Sep), US ADP Employment Change Weekly, Existing Home Sales (Sep), OPEC MOMR. Speakers include US President Trump, BoE’s Greene, ECB's Elderson & Lane, Fed’s Waller, Barkin & Collins. Supply from the Netherlands, Italy & Germany. Earnings from UnitedHealth, JPMorgan, Goldman Sachs, Wells Fargo, Citi, Johnson & Johnson.(Historical earnings: For fiscal 2026 Q3 (period ended 2026-05-28), Micron Technology reported basic EPS of 41.97, diluted EPS of 41.4, and net income of USD 47.268 billion. In the prior-year period (ended 2025-05-29), basic EPS was 4.79, diluted EPS was 4.75, and net income was USD 5.338 billion. For fiscal 2026 Q2 (period ended 2026-02-26), basic EPS was 16.91, diluted EPS was 16.68, and net income was USD 19.025 billion; in the prior-year period (ended 2025-02-27), basic EPS was 3.1, diluted EPS was 3.08, and net income was USD 3.453 billion.
Consensus expectations: The next upcoming consensus is for fiscal 2026 Q4, with an EPS estimate of 32.5625 and no revenue estimate available.)