Key Points To Watch Out For:

• Alphabet shares come under pressure following new antitrust investigation in China
• Diageo slumped more than 4% in London after withdrawing its sales growth forecast
• PDD Holdings rose in pre-opening trading, although concerns remain over new US tariffs

Alphabet (GOOGL): Chinese Regulators Launch Antitrust Investigation

Chinese regulators have launched an antitrust investigation into Google, further escalating trade tensions between the U.S. and China. This investigation directly impacts Alphabet, whose share price could decline if the company faces sanctions or restrictions in the Asian market. Additionally, Alphabet is set to release its financial results at the close of the market, which could introduce further volatility in its stock.

Illumina (ILMN), PVH (PVH): China Responds with Trade Retaliation

China has added Illumina and PVH to its list of “unreliable entities” in response to U.S. tariffs. Shares in both companies fell in pre-market trading. PVH, the owner of Calvin Klein and Tommy Hilfiger, could face operational difficulties in China, while Illumina, a biotechnology company, sees its business relationships in the region at risk.

Diageo (DEO): Withdrawal of Forecasts Affects Shares

Diageo shares fell more than 4% in London after the company withdrew its sales growth target. The maker of Don Julio and Crown Royal cited tariffs as a major obstacle to forecasting results. This uncertainty weighed on investors, triggering a sell-off of the stock.

PDD Holdings (PDD): Fears That Tariffs Will Impact Its Business

Investors worry that the new tariffs on China and the elimination of exemptions for small packages will negatively impact PDD Holdings, the parent company of Temu. Despite these concerns, shares rose in pre-market trading after two consecutive days of declines.

UBS (UBS): Earnings Beat Expectations, but Shares Decline

UBS reported higher-than-expected quarterly earnings and announced a share buyback program of up to $2 billion. However, despite the positive results, its shares fell, suggesting investor concerns over macroeconomic factors affecting the banking sector.

Palantir Technologies (PLTR): Stock Surges on Strong Sales Growth

Palantir Technologies’ shares soared in pre-market trading, driven by solid sales growth and increasing demand for its artificial intelligence products. Investor optimism led to a significant rebound in its valuation.

Main Results of the Day

Several major companies are set to release their earnings reports today:

• Before Market Open: Spotify (SPOT), PepsiCo (PEP), Apollo Global Management (APO), Pfizer (PFE), and KKR (KKR).
• After Market Close: Advanced Micro Devices (AMD).

These earnings reports are expected to influence market sentiment and sector performance throughout the trading session.