Positive tones as USDJPY remains underpinned 29 June
- +89.89
- high 20266.55
- low 20197.38
- Topix +0.6% at 1624.07
- USDJPY 112.23 in a 00-50 range still for the moment
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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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