Europe
European equities via the STOXX Europe 600 and major tech/industrial names are under pressure as forward earnings drop and external demand softens, with tech-chain exposures marking Europe’s portfolio risk.
Australia
ASX 200 (AXJO) slides 0.7% as Macquarie leads losses. Weak GDP (1.4% YoY) and sticky inflation (3.6%) reinforce a mid-cycle slowdown, fueling investor rotation into defensives. Equity risk premiums have widened to 5.2% amid RBA's policy ambiguity at 3.60%.
exchange indice
Oxford Industries (NYSE: OXM) beat Q2 profit forecasts, lifting shares 14%. Strong tariff mitigation protected margins as core brands softened and Emerging Brands grew 17%. With low leverage and 10x P/E, OXM offers re-rating potential if brand momentum stabilizes.