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Financial Market Preview - Tuesday 7-Jul
Season 7
Episode 127
Published 2 weeks, 3 days ago
Description
S&P futures are pointing to a lower open today, currently down (0.3%). Asian equities saw sharp declines today, with the MSCI Asia Pacific Index dropping (2%). Samsung Electronics closed down (7%) despite reporting a 19-fold operating profit jump and triggered a selloff in memory and chip names across Asia. Japan's Nikkei dropped (2%), South Korea's Kospi was down near (5%), and Greater China markets all slid. European markets are showing resilience with most benchmarks slightly higher in early trading.
Companies Mentioned: Samsung Electronics, Vertex Pharma, Crinetics Pharma, Fiserv