Positive tones but off session highs as USDJPY retreats 27 June
- +71.74
- high 20250.10
- low 20185.19
- Topix +0.42% at 1619.02
- USDJPY 111.80
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Dine Brands jumps 5.1% on peer's strong sales; stock's volatile, down 12.1% YTD.
Oil tops $100! OXY surged 50%+ historically, XOM only 3%. Demand shifts impact valuations.
Planet Labs (PL) beats revenue, guidance strong! But watch those negative margins & future EPS forecasts.
MSFT down 19% despite 23% profit growth. High AI costs pressure margins, valuation at 25x P/E seems risky.
Scholastic's revenue dips 1.9%, but FCF jumps to $407M. Stock up 7.6% post-earnings.
No US crude export ban despite $110 Brent! Producers fear lost revenue, consumers see no price relief.
Oil price swings dictate market moves; S&P 500 down 0.3%, Dow 0.4%, Nasdaq 0.3%.
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