ASML Orders Surge Amid AI Chip Demand, Tech Stocks Dip
TL;DR Summary
European stocks and US equity futures fell due to concerns over stricter US trading curbs on China, with tech stocks like ASML Holding NV and Tokyo Electron Ltd. particularly affected. The pound rose against the dollar as UK inflation exceeded forecasts, reducing the likelihood of an August rate cut by the Bank of England. Treasury yields increased, while the dollar remained steady. Optimism about potential Federal Reserve rate cuts and US retail resilience has supported risk-on sentiment, despite geopolitical and trade uncertainties linked to a possible Trump presidency.
- Stocks Sink With Tech Under Pressure; Pound Climbs: Markets Wrap Yahoo Finance
- ASML bookings surge as AI chip demand boosts purchases of its critical semiconductor tools CNBC
- ASML's order book expected to jump on AI chip boom Reuters
- ASML Orders Beat Forecasts Amid AI Chip Boom The Wall Street Journal
- Asian chipmaking stocks dip with TSMC, ASML earnings in focus Investing.com
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