Energy Markets
MORNING BID EUROPE-Small miss, big hit
Tom Westbrook gives us a look at what the future holds for European and global markets. On Friday, the 'drawdown in tech stocks that followed a narrow miss on earnings at U.S. chipmaker Broadcom' deepened in Asia. This pushed South Korean stocks to their seventh weekly decline since 2026. Broadcom's revenue for the second quarter of $22,19 billion was below expectations, which were $22,27 billion. However, it still stuck to its guidance for revenue of $100 billion next year. This sent shares down by 12.6%. The results were shocking, as markets are accustomed to expecting constant upgrades. In Asia, the...