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ECB Governing Council member Panetta: The outlook remains fragile.

2026-07-07

ECB Governing Council member Panetta: The outlook remains fragile.

Other News
2026-07-07

The onshore yuan closed at 6.7956 against the US dollar at 16:30 on July 7, down 31 points from the previous trading day.

The onshore yuan closed at 6.7956 against the US dollar at 16:30 on July 7, down 31 points from the previous trading day.
2026-07-07

Samsung's Q2 operating profit rose 19-fold YoY, driven by AI data-center build-out pushing DRAM/NAND demand; core storage capacity remains effectively tight, supporting concurrent volume and price gains. Markets sold off despite the strong numbers as

Samsung's Q2 operating profit rose 19-fold YoY, driven by AI data-center build-out pushing DRAM/NAND demand; core storage capacity remains effectively tight, supporting concurrent volume and price gains. Markets sold off despite the strong numbers as investors fear a future supply glut and demand peak. Key risks: prior industry-wide capacity expansion could trigger oversupply if US tech firms curb AI infra capex; alternatively, labor shortages and power constraints could stall data-center builds and cut hardware demand. The prospect of looming overcapacity and fading pricing power prompted profit-taking and the stock pullback.
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