Good afternoon and welcome to Markets Desk, your midday read on what's moving markets and business today.
Nike heads into its quarterly earnings report this evening under significant pressure, with analysts expecting another round of declining sales as the sneaker giant continues grinding through a difficult turnaround. Investors will be watching closely for any signal that new leadership is gaining traction against persistent headwinds in both North America and China.
Shifting to memory chips, Sandisk is drawing fresh analyst attention following a record-breaking quarter, with some on Wall Street suggesting the stock has room to run further. The broader memory trade has emerged as a sharper way to play artificial intelligence exposure, as investors grow more selective about separating genuine AI beneficiaries from the noise.
And on currencies, the dollar index is firming up today, lifted by month-end and quarter-end rebalancing flows as traders close the books on the second quarter. A fresh thirty-nine-year low in the Japanese yen is adding additional tailwind, while weaker-than-expected German data out of Europe is keeping pressure on the euro and reinforcing dollar demand heading into the session close.
That's the tape. Markets Desk, signing off the floor.
