Key Points To Watch Out For:
- Boeing shares fell following China’s delivery block.
- LVMH fell due to weak quarter sales and reduced demand in China.
- Bank of America rose 2% after exceeding profit estimates.
Boeing shares fell almost 3% in the premarket after China instructed its airlines to stop new orders for the company’s aircraft and to curb purchases of equipment from US suppliers, as reported by Bloomberg.
Allegro MicroSystems (ALGM): Fall after withdrawal of takeover bid
Allegro plummeted 12% after On Semiconductor (Onsemi) said it was withdrawing its takeover bid, generating uncertainty about the future of the chip manufacturer.
LVMH (MC): European luxury gives in to trade tensions
LVMH fell in Paris after posting below-expected quarterly sales, affected by weak consumption in China and global trade tensions. Burberry and Kering, owner of Gucci, also fell.
Stellantis (STLA): Tariff reprieve boosts automotive sector
Stellantis rose nearly 5% in Italy, leading a rally in carmakers, after President Trump suggested the sector could get tariff exemptions. In Japan, Toyota advanced 3.7%.
Bank of America (BAC): Solid results boost stock
Bank of America rose 2% in premarket trading after posting stronger-than-expected quarterly earnings, following the recent good performance of other banks like JPMorgan and Wells Fargo.
Johnson & Johnson (JNJ): Sales rise, but tariff impact weighs
J&J raised its sales guidance for 2025, while keeping its earnings outlook. It also projected $400 million in tariff-related costs for this year, a reflection of the persistent impact of trade measures.
Ericsson (ERIC): Sales boosted by advance purchases ahead of tariffs
Ericsson rose some 6% in Stockholm after saying that customers in North America had brought orders for network equipment to avoid new tariffs.
MP Materials (MP) and USA Rare Earth (USAR): US strategic support boosts their shares
Shares in both rare earth companies rose on reports that Trump plans to increase strategic reserves of critical minerals in a bid to counter dependence on China.
Netflix (NFLX): Ambition of $1 trillion market value excites
Netflix rose more than 2.5% in the premarket after The Wall Street Journal revealed that the company aims to more than double revenue and achieve a market capitalization of $1 trillion by 2030.
