US PRE-MARKET MOVERS: DELL, ADSK, OKTA, NTAP, GAP, AEO, SNOW
EU's von der Leyen says Hungarian structural reforms are much needed and agreed on robust architecture to ensure Hungary addresses corruption and can unlock EUR 10bln for Hungary
EU reportedly seeks to ‘intensify’ talks with the US on advanced cyber AI models amid Mythos concerns, CNBC reports
US PRE-MARKET MOVERS: DELL, ADSK, OKTA, NTAP, GAP, AEO, SNOW
German Inflation Rate MoM Prel (May) M/M -0.2% vs. Exp. 0.1% (Prev. 0.6%, Low. -0.1%, High. 0.4%)
German Inflation Rate YoY Prel (May) Y/Y 2.6% vs. Exp. 2.9% (Prev. 2.9%, Low. 2.7%, High. 3.2%)
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ES +0.2% NQ +0.2% RTY flat
- DELL +34%: Stellar report; beat exp., posted fastest post-listing sales growth, benefited from strong AI server demand & raised outlook
- ADSK -7.5%: Agreed to acquire MaintainX in an all-cash transaction valued at about $3.6bln; earnings impressed & lifted guidance
- OKTA +8%: EPS & rev. topped
- NTAP +18%: Top & bottom line surpassed exp. w/ better than exp. guidance
- GAP -16%: Cut sales outlook following weaker-than-exp. Old Navy performance w/ seasonal ranges failing to resonate with shoppers
- AEO -11%: Underwhelming report
- SNOW +1.2%: Upgraded at HSBC
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