Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
South Korea’s KOSPI Plunges as Samsung, AI Chip Stocks Trigger Market Sell-Off 
US Stock Futures Slip as Fed Minutes, Earnings Season Take Center Stage 
Gold Price Today: Gold Slips as Dollar Rebounds Ahead of Fed Minutes 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings 
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand 
Asia Stocks Fall as Samsung Earnings Fail to Ease AI Valuation Concerns 
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone 
Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
European shares were little changed on Tuesday as gains in consumer-focused sectors offset a broad selloff in artificial intelligence-linked technology stocks, while investors closely monitored the NATO summit in Turkey for signals on increased European defense spending.
The pan-European STOXX 600 index edged up 0.1% to 650.99 points after retreating from record highs in the previous session. Investors shifted into sectors that have lagged this year, betting that easing oil prices and softer inflation pressures could improve consumer demand and reduce the likelihood of further interest rate hikes.
Luxury stocks climbed 2%, while consumer staples, including food, beverages, personal care, and household goods, gained more than 1.4%. Automakers also advanced 1.3%, reflecting broader interest in value-oriented sectors.
Market participants continued rotating away from expensive technology stocks into cheaper industries. Analysts said the decline in oil prices could ease inflation concerns, potentially giving central banks less reason to tighten monetary policy further.
Technology stocks dropped 2.3% as investors questioned whether the recent AI-driven rally had pushed semiconductor valuations too high. French chip materials supplier Soitec plunged 12%, Austria’s AT&S fell 9.5%, and STMicroelectronics lost 5%. Siemens Energy also declined 7% after Barclays downgraded the stock to "underweight," citing valuation concerns despite its strong long-term outlook.
The weakness mirrored sentiment in Asia, where Samsung Electronics shares fell despite upbeat earnings guidance, while Nasdaq futures slipped nearly 1% ahead of U.S. trading.
Defense stocks eased after recent strong gains, although attention remained on the NATO summit, where member nations were expected to announce new military procurement deals under pressure from the United States to boost defense spending. Saab bucked the trend, rising 4.1% after Morgan Stanley upgraded the stock to "overweight" and NATO announced plans to purchase up to 10 GlobalEye surveillance aircraft from the Swedish company.
Elsewhere, Renault gained 2.2% after reports that China's BYD had explored acquiring a stake in the French automaker. Shell rose 3% after raising its second-quarter integrated gas production outlook, providing additional support to European energy stocks.
