Hindi nagbibigay ng serbisyo ang XM sa mga residente ng Estados Unidos.

Tech rout drives flight to value

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>LIVE MARKETS-Tech rout drives flight to value</title></head><body>

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com


Some payback may be coming for European stocks on Tuesday, following the gains that kicked off the week.

Look for tech to take an outsized hit, after Nvidia's slump NVDA.O led a sell-off for the high-flying chip sector on Wall Street. To recap, the S&P 500 .SPX lost 0.3% on Monday, versus a more than 1% drop for the Nasdaq .IXIC, with the SOX semiconductor index .SOX sliding more than 3%.

But tech's loss has been value's gain, exemplified by the 0.7% rise in the Dow .DJI.

That rotation has been the theme in Asia overnight. As an example, AI darlings on Japan's Nikkei 225 like SoftBank Group 9984.T are pulling back from highs, while cash pours back into beaten-down Toyota Motor 7203.T.

The positive news for equity investors is that overall, Asia-Pacific stock indexes are higher. Only tech-heavy Taiwan .TWII is underwater among the major benchmarks. And while the Nikkei .N225 is up only half a percent, the broader Topix .TOPX has rallied nearly 1.5%.

Geopolitics also bear close attention. With the first round of voting in France's snap elections looming this weekend, sentiment could turn quickly.

For now, the far right's overtures to the markets have been effective in allaying fears about a lack of fiscal restraint.

The euro has rebounded sharply as a result and sits back at around $1.0740 EUR=EBS after having been as low as $1.0671 on Friday.

Elsewhere, keep an eye on developments in the European Commission's dealings with Apple and with China.

Beijing wants the EU to scrap proposed tariffs on Chinese electric vehicle imports before they are due to take effect on July 4, and Chinese officials are trying to find a compromise in talks in Brussels this week.

Apple needs to change the way its App Store works or face potentially hefty fines for antitrust violations.

The EU has also been flexing its muscles with new sanctions on Russia, hitting gas exports for the first time. New restrictions will prohibit transferring cargoes from one ship to another off EU ports, but stop short of an EU ban on LNG imports, which have risen since the start of the war in Ukraine.

Key developments that could influence markets on Tuesday:

- Fed Governor Michelle Bowman speaks at Policy Exchange event in London

- Fed Governor Lisa Cooks speaks at Economic Club of New York

- U.S. consumer confidence (June)

- Canada CPI (May)

(Kevin Buckland)


The far right fared better in areas with lower incomes https://reut.rs/3VnL2p6


Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Babala sa Risk: Maaaring malugi ang iyong kapital. Maaaring hindi nababagay sa lahat ang mga produktong naka-leverage. Mangyaring isaalang-alang ang aming Pahayag sa Risk.