Micron Earnings Spark Global Tech Rebound | Daybreak Europe 6/25/2026

Summary

Micron's huge sales forecast ignited a global tech rebound, with memory chip stocks rallying sharply and SK Hynix boosted by US listing plans. Oil fell as the Strait of Hormuz reopened, erasing wartime gains. US banks passed the Fed stress test and raised dividends, while a Jefferies economist argued that UK gilts look attractive because the Bank of England is less hawkish than markets expect.

• Micron crushed estimates and guided for tight supply, driving AI memory chip stocks higher.
• SK Hynix surged on plans for a US Nasdaq listing to close a valuation discount vs global peers.
• Brent crude erased all wartime gains as shipping returned to the Strait of Hormuz and demand weakened.
• Major US banks (JPMorgan, Goldman, Citigroup) increased dividends after the Fed stress test showed high capital.
• A Jefferies economist sees UK rate pricing as too hawkish, favoring UK government bonds.
• European equities and Nasdaq futures rallied on the AI optimism.
• Oil supply outlook improved with Iran-US peace progress, pointing to lower prices.