US Market Open: Micron soars 18% after stellar earnings, boosting global sentiment; crude benchmarks continue to pull back

Conflicting reports on whether Israeli forces have pulled away from southern Lebanon, with Israeli and Lebanese sources denying earlier comments by a US State Department official stating Israel has pulled back.A senior Iraqi Oil Ministry official said the nation will consider all available options if its OPEC quota is not significantly increased and has considered the idea of leaving OPEC.Micron surges over 16% pre-market after it beat expectations and issued stronger guidance, benefiting from surging AI-driven demand, rising memory prices and long-term customer agreements, NQ +2.1%.DXY consolidates just shy of YTD highs; G10s mixed with cable outperforming.Fixed income benchmarks trade mixed ahead of a busy US data docket.Energy prices continue to fall while spot gold holds below USD 4k/oz. Looking ahead, highlights include 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, Speakers including ECB's Lane & Cipollone, Fed's Bowman, Williams & Goolsbee, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk