- US debt ceiling concerns push yields higher, impacting stock indices
- Big tech remains strong while market breadth narrows
- Defensive sectors, like real estate (-2.61%) and utilities (-2.3%), face selling pressure
- Disappointing US retail sales impact consumer discretionary stocks, except for Amazon (+2%)
- Vodafone (-7.44%) faces challenges, announces major job cuts
- Home Depot (-2.15%) sees lower sales due to falling lumber prices
- Sea’s gaming revenue drops 43%, affecting investor sentiment
- On Holdings (-9.7%) revenue increases, but stock price declines
- Tencent Music (-90bps) beats earnings expectations through cost control
- Nikkei reaches multi-year highs, Japan’s GDP exceeds expectations
- Dollar and treasury markets are stable, commodity futures slightly higher
- Debt ceiling negotiations and Tencent’s performance are in focus
- Potential investment opportunities in selected business models
- Industry consolidation and takeovers expected
