EU Market Open: Micron surges after Q3 earnings+guidance beat; NQ and European futures benefit

US stocks finished mixed. APAC trade was similar, but with KOSPI, +5.9%, leading and NQ, +1.9%, outperforming after strong Micron results, +18%.Micron beat expectations and issued stronger guidance, benefiting from surging AI-driven demand, rising memory prices and long-term customer agreements.DXY under modest pressure, peers generally contained. Brief JPY support seen on hawkish comments from BoJ's Tamura.Fixed contained, USTs unaffected by a weak 5yr sale, JGBs capped by the 20yr tap.Brent wiped out all upside from the US-Iran conflict. Precious metals choppy, base peers followed the risk tone higher.Looking ahead, highlights include German GfK Consumer Confidence (Jul), French Consumer Confidence (Jul), Spanish GDP Final (Q1), US PCE (May), GDP Final (Q1), Jobless Claims (Jun/20), Durable Goods (May), Chicago Fed Labour Market Indicator (Jun), Atlanta Fed GDP (Q2), Banxico Policy Announcement, German Finance Agency Issuance Outlook (Q3), Speakers including ECB's Lane & Cipollone, Fed's Bowman, Williams & Goolsbee, Supply from the UK & US.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk