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Focus on US May PCE Data; European Stocks Edge Up in Early Trade; H&M Slips 3% Post-Results; Chip Stocks Rally
2026-06-25 18:06:24
US stock futures for the three major indices moved higher, with DJIA futures up 51 points or 0.1%, while S&P 500 futures and Nasdaq futures rose 0.72% and 2.15%, respectively. Micron Technology, Inc. (MU.US) reported results and guidance that beat expectations, with its shares rising 16.4% in pre-market trading.

The market is focusing on the US May PCE data, closely watched by the Federal Reserve, to be released tonight Hong Kong time. Major European stock markets opened broadly and moderately higher on Thursday. The pan-European STOXX 600 index rose 0.55% to 638.68. The UK FTSE 100 gained 0.2% to 10,484. France's CAC climbed 0.4% to 8,419. Germany's DAX advanced 0.65% to 24,899. Italy's FTSE MIB increased 0.2% to 51,758, while Spain's IBEX 35 edged up 0.1% to 19,417.

Sweden's H&M fell 3% to 163.6 Swedish krona after the company reported operating profit for the previous quarter that missed expectations.

Strong results from Micron Technology, Inc. (MU.US) boosted investor sentiment in the chip sector. French semiconductor materials producer Soitec surged 7.6%, while Infineon, ASMI and BE Semiconductor Industries rose between 3.7% and 5.6%. (da/a)~

AASTOCKS Financial News
Website: www.aastocks.com

This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.