The implication is that a 'deal' on Brexit, not a 'no deal' crash out of the EU and all the damage that would entail, is closer.
Its by no means a done deal, but it is closer than it was.
Cable is higher, GBP higher on crosses across the board.
EUR/GBP:
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LRCX (39.6x P/E) & BE (125.6x P/E) show strong growth, CRGY (4.9x P/E) offers value.
Nike's stock plunges 34% in 2026; margins hit 5-yr low, but dividend yields 3.9%. Valuation at 28x TTM earnings.
KTB, CHH, AMC face slowing demand. KTB's 9.5% EPS growth lags; CHH's 8.8% FCF margin is tight; AMC's sales are weak.
Radar hits $1B+ valuation on $170M raise, slashing retail shrink by 60% & improving inventory accuracy.
Bitcoin ETFs see $648M outflows; BTC drops to $76.6K. Geopolitics & inflation fears drive de-risking.
MS & BAC show slow growth (6.1%, 8.2% rev growth) vs. KLAC's 15.2% revenue surge. Valuation concerns loom.
Futures dip on oil spikes & rising yields. Chip stocks like MU face valuation worries despite big gains.
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