Good morning, you're tuned in to Markets Desk, and here's what's moving the tape.
Intuit took a beating in after-hours trading despite posting a solid fiscal third quarter — revenue up ten percent, and management lifted both full-year revenue and earnings guidance. That kind of sell-the-news reaction tells you expectations had gotten stretched well ahead of the print, and now traders are recalibrating what the stock is actually worth at these levels.
Shifting to macro risk, Secretary of State Marco Rubio is throwing cold water on any diplomatic resolution with Cuba, saying the odds of a peaceful deal are, in his words, not high. President Trump added fuel to that fire, suggesting he would be, quote, happy to intervene. Geopolitical uncertainty of that nature tends to ripple through emerging market sentiment and energy pricing, so this one is worth watching closely.
And over in Seoul, South Korean equities are pointing to a higher open after the KOSPI snapped a two-day slide that had knocked the index down more than three hundred points, or roughly four percent. Some stabilization in risk appetite across Asia is helping the recovery, though the index remains in territory that suggests investors are still cautious about the broader regional outlook.
That's the tape. Markets Desk, signing off the floor.
