Latest news with #Equinix
Bloomberg
13 hours ago
- Business
- Bloomberg
Stock Movers: Equinix, Royal Caribbean, Enphase
On this episode of Stock Movers: - Equinix (EQIX) shares ended the week higher after seeing two days of consecutive losses. It was the second-best performing stock in the S&P 500 on Friday, following shares falling nearly 20% in the previous two trading sessions. - Royal Caribbean (RCL) shares ended the week higher, driven by Carnival Cruise, which raised its guidance for the second time this year. Carnival CEO Josh Weinstein told analysts in the earnings call that he sees no signs that demand in the travel sector will slow. - Enphase Energy (ENPH) shares, along with other US solar companies saw their shares rise as investors keep close tabs on how the clean energy industry could be impacted by regulatory changes as President Donald Trump's tax bill makes its way through Congress.
Yahoo
a day ago
- Business
- Yahoo
Data Center Colocation Market worth $204.4 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 27, 2025 /PRNewswire/ -- The Data Center Colocation Market is expanding rapidly, with a projected market size rising from USD 104.2 billion in 2025 to USD 204.4 billion by 2030, at a CAGR of 14.4% during the forecast period, according to a new report by MarketsandMarkets™ This growth is driven by the surge in AI and high-density GPU workloads, which demand specialized cooling systems and power architectures. At the same time, enterprises are building hybrid-multicloud interconnection ecosystems to ensure seamless data flows and application portability across multiple platforms. Stricter data-sovereignty regulations covering hosting location, residency requirements, and AI privacy also push organizations toward colocation facilities that can guarantee compliance and secure data governance. Together, these factors accelerate digital transformation across healthcare, finance, and high-performance analytics sectors. Browse in-depth TOC on "Data Center Colocation Market" 247 – Tables 58 - Figures277 – Pages Download PDF Brochure @ Scope of the Report Report Metrics Details Market Size Available for Years 2020–2030 Base Year Considered 2024 Forecast Period 2025–2030 Forecast Units USD Billion Segments Covered service type, service scale, workload type, organization size, end user Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America Companies Covered Equinix (US), Digital Realty (US), NTT Data Corporation (Japan), QTS Data Centers (US), KDDI Corporation (Japan), Iron Mountain (US), China Telcom (China), CyrusOne (Texas), DataBank (Texas), EdgeConneX (USA), Switch (US), CoreSite (US), Aligned Data Centers (Texas), Flexential (US), TierPoint (US), Cologix (US), ScaleMatrix (US), AT&T (US), Global Data Systems (US), Data Foundary (US), 365 DataCenters (US), Kao Data (UK), Verizon (US), T-Systems (Germany) General Purpose IT will register the largest market share during the forecast period General purpose IT, encompassing standard compute, storage, and networking workloads, is the largest workload type segment in the Data Center Colocation Market during the forecast period, driven by enterprises' ongoing digital transformation initiatives and cloud migration strategies. Businesses of all sizes continue to deploy mission-critical applications ERP, CRM, virtualization platforms, and web hosting on colocation infrastructure to ensure high availability and cost predictability. As hybrid IT architectures become mainstream, companies favor colocation partners that offer seamless integration with public clouds and private environments. Meanwhile, demand for HPC & AI workloads is growing rapidly, spurred by high-performance analytics and machine-learning projects, but it remains a smaller segment due to specialized infrastructure requirements and higher power densities. The ubiquity of general purpose IT workloads, flexible pricing models, scalable power options, and robust service-level agreements, underpins its dominant market share. Request Sample Pages@ Hyperscalers is poised for fastest growth rate during the forecast period Hyperscaler, as the fastest-growing end-user segment in the Data Center Colocation Market during the forecast period, is expanding rapidly due to its enormous demand for scalable capacity, advanced automation, and energy-efficient infrastructure. Leading cloud providers and large digital platforms increasingly rely on colocation partners to support bursting workloads, accelerator-heavy computing, and global expansion without the capital-intensive burden of self-building. Hyperscalers benefit from standardized, high-density rack deployments, direct interconnection ecosystems, and co-located edge sites that reduce latency for latency-sensitive applications. Enterprises typically seek flexible contract terms, managed services, and regional coverage to complement their on-premises data centers. The combination of hyperscalers' need for modular growth, sustainability targets, and integrated service offerings underscores their role as the primary catalyst for segmental expansion. North America will account for the largest market during the forecast period North America will likely be the largest regional segment in the Data Center Colocation Market during the forecast period, driven by widespread enterprise and hyperscaler investments in cloud and edge infrastructure. The US and Canada host the highest concentration of colocation facilities, offering robust interconnection hubs, advanced network density, and integrated service portfolios. Key industries, including technology, finance, healthcare, and media, rely on North American colocation providers for rapid deployment, strict data sovereignty compliance, and scalable capacity to support peak workloads. In addition, aggressive renewable energy targets and sustainability initiatives are prompting operators to adopt high-efficiency cooling and green power procurement. Europe follows as the second-largest market, with growth fueled by GDPR compliance and expanding hyperscaler footprints in major hubs like Frankfurt and London. North America's mature regulatory framework, high IT spending per capita, and leading-edge ecosystem ensure it will retain the largest share of the regional segment. Inquire Before Buying@ Top Key Companies in Data Center Colocation Market: The major players in the Data Center Colocation Market include Equinix (US), Digital Realty (US), NTT Data Corporation (Japan), QTS Data Centers (US), KDDI Corporation (Japan), Iron Mountain (US), China Telcom (China), and CyrusOne (Texas). Browse Adjacent Markets: Data Center and Networking Market Research Reports & Consulting Related Reports: Network Emulator Market - Global Forecast to 2030 Data Center Rack Market- Global Forecast to 2030 Network Slicing Market - Global Forecast to 2030 Autonomous Networks Market - Global Forecast to 2029 Edge Data Center Market - Global Forecast to 2028 Get access to the latest updates on Data Center Colocation Companies and Data Center Colocation Industry About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
a day ago
- Business
- Time of India
HPE unveils new AI factory solutions built with NVIDIA to accelerate AI adoption at global scale
HPE announced new solutions to supercharge the creation, adoption and management of AI factories across the entire AI lifecycle and for every type of organization. HPE is expanding its NVIDIA AI Computing by HPE portfolio of AI factory solutions with NVIDIA Blackwell GPUs, including new composable solutions optimized for service providers, model builders and sovereign entities, as well as the next generation of HPE Private Cloud AI, the turnkey AI factory for enterprises. The integrated end-to-end solutions and services for AI factories remove the complexity of customers having to compile a full AI tech stack on their own when building a modern AI-ready data center. 'Generative, agentic and physical AI have the potential to transform global productivity and create lasting societal change, but AI is only as good as the infrastructure and data behind it. Organizations need the data, intelligence and vision to capture the AI opportunity and this makes getting the right IT foundation essential,' said Antonio Neri, president and CEO, at HPE. 'HPE and NVIDIA are delivering the most comprehensive approach, joining industry-leading AI infrastructure and services to enable organizations to realize their ambitions and deliver sustainable business value.' 'We are entering a new industrial era — one defined by the ability to generate intelligence at scale,' said Jensen Huang , founder and CEO of NVIDIA. 'Together, HPE and NVIDIA are delivering full-stack AI factory infrastructure to drive this transformation, empowering enterprises to harness their data and accelerate innovation with unprecedented speed and precision.' HPE speeds AI factory time to value with next-generation HPE Private Cloud AI The signature offering in the NVIDIA AI Computing by HPE portfolio, Private Cloud AI is a fully integrated turnkey AI factory offering with NVIDIA accelerated computing, networking and software. Private Cloud AI will provide: Support for NVIDIA Blackwell accelerated computing with HPE ProLiant Compute Gen12 servers. These servers rank #1 in over 23 AI tests and provide secure enclaves to prevent tampering, as well as post-quantum cryptography and trusted supply chain capabilities at rack and server level. Investment protection and seamless scalability from one GPU generation to the next, including NVIDIA H200 NVL and now with NVIDIA RTX PRO 6000 Server Edition GPUs, to support a wide range of enterprise AI workloads including agentic and physical AI use cases. A new federated architecture unifies resource pooling to make new GPUs and resources available to all AI workloads. Air-gapped management for organizations with strict data privacy requirements. Multi-tenancy that enables enterprises to collaborate and partition resources across teams. The latest NVIDIA AI Blueprints including the NVIDIA AI-Q Blueprint for AI agent creation and workflows. A new 'try and buy' program that lets customers test Private Cloud AI across Equinix's global footprint of high-performance data centers before making a purchase. HPE expands AI factory portfolio with new validated solutions built on industry-leading innovation New AI factory solutions combine the latest AI innovations and expertise from HPE, including five decades of industry-leading liquid cooling and HPE Morpheus Enterprise Software for a unified control plane. Unlike most competing solutions, these validated, end-to-end composable solutions are modular, full tech stacks integrated ahead of time for the customer, speeding time to value. Using AI to Observe AI: HPE OpsRamp Software provides full-stack observability across Private Cloud AI and new AI factory solutions. HPE OpsRamp is also now a validated observability solution for the NVIDIA Enterprise AI AI factory at scale is designed for organizations operating at large scale such as service providers and model builders. HPE offers HPE ProLiant Compute XD, NVIDIA AI Enterprise software and blueprints, air- and liquid-cooling technologies and a full range of advisory and professional services. New AI factory for sovereigns is for nations, governments and public sector organizations and offers additional specialized capabilities such as air-gapped management and solutions and services that enable data, technological and operational sovereignty. By leveraging the NVIDIA Enterprise AI Factory validated design , AI factory solutions from HPE can be deployed using the latest NVIDIA accelerated computing, NVIDIA Spectrum-X Ethernet networking, NVIDIA BlueField-3 DPUs, and NVIDIA AI Enterprise software to ensure high performance, robust security, efficient storage acceleration, and scalable infrastructure for the next era of AI. HPE Compute XD690 joins NVIDIA AI Computing by HPE portfolio New HPE Compute XD690 supports eight NVIDIA Blackwell Ultra GPUs and reflects HPE's continued commitment to be a time-to-market leader with NVIDIA's latest innovations in accelerated computing for AI. HPE Performance Cluster Manager delivers fully integrated systems management and advanced infrastructure monitoring and alerting across large, complex AI environments that scale thousands of nodes. HPE Alletra Storage MP X10000 fuels AI factories, agents and use cases with AI-ready data To ensure AI factories and applications are continuously fueled with AI-ready unstructured data, HPE Alletra Storage MP X10000 will support Model Context Protocol (MCP) servers. Integrating MCP with the X10000's built-in data intelligence accelerates data pipelines and enables AI factories, applications, and agents to process and act on intelligent unstructured data. Additionally, the X10000 supports the NVIDIA AI Data Platform reference design and offers an SDK to streamline unstructured data pipelines for ingestion, inferencing, training and continuous learning Unleash AI adds 26 new partners, enabling HPE to support more than 75 AI use cases Through new Unleash AI ecosystem partners, the latest NVIDIA AI Blueprints and internal professional services, HPE delivers more than 75 AI use cases to customers. The Unleash AI partner ecosystem now features software solutions for agentic AI, sovereign AI, smart cities, industrial and manufacturing applications, data governance and privacy, responsible AI, video analytics, responsible AI, security and cybersecurity. HPE Private Cloud AI and Accenture AI Refinery simplify agentic AI for financial services HPE and Accenture are collaborating to create agentic AI solutions for financial services and procurement with a new joint go-to-market offering that leverages the Accenture AI Refinery ™ platform, which is built on NVIDIA AI Enterprise, and deployed on HPE Private Cloud AI. HPE is applying the solution within its finance organization, exploring uses across category and sourcing strategies, spend management, strategic relationship analysis and contract obligation management. Together, the companies aim to help spur AI adoption and digital innovation in one of the most tightly regulated industries. HPE Services accelerate and simplify AI journey to speed time to value HPE eases the burden of building and adopting AI factories and speeds time to value through new services that assist customers on their AI journey. The new services span designing, financing, building and securing AI factories from Day -1 to Day 2+ with a focus on operating efficiently and sustainably. The services also cover model development and migration, business benefit analysis, deployment, education, management, ongoing support and tech refreshes. HPE Financial Services enables enterprises to start their AI journey faster HPE Financial Services (HPEFS) offers a new program that helps enterprises begin their AI projects sooner with lower payments for Private Cloud AI for the first six months. HPEFS also offers a comprehensive suite of customizable financing and IT lifecycle services to help accelerate the move to AI, including a program that allows customers to use their current tech estate as a source of capital to fund additional AI projects. Availability HPE ProLiant Compute DL380a Gen12 servers are now available to order with NVIDIA RTX PRO 6000 Blackwell Server Edition next generation of HPE Private Cloud AI with NVIDIA RTX PRO 6000 Blackwell GPUs will be released in the second half of 2025. New AI factory solutions are available Alletra Storage MP X10000 with Model Context Protocol support is planned for the second half of 2025. HPE Compute XD690 will be available in October 2025. New AI services are available now.
Yahoo
a day ago
- Business
- Yahoo
Why Equinix Stock Was Swooning This Week
An important profitability metric for REITs won't look as shiny over the next few years, the company revealed. Both investors and analysts alike reacted negatively to that news. 10 stocks we like better than Equinix › The data center industry is standing in front of major expansion due to the unbending popularity of artificial intelligence (AI). Despite that, top sector name Equinix (NASDAQ: EQIX) has been having a rough few days on the stock exchange of late, especially following its analyst day event on Wednesday. All told, according to data compiled by S&P Global Market Intelligence, week-to-date as of Thursday night, the company's share price was down by almost 16%. No investor likes to hear that one of their investments might experience a slump in its growth rates. Yet that's exactly what happened with Equinix; on analyst day, it proffered guidance for its adjusted funds from operations (AFFO), the key profitability line item for real estate investment trusts (REITs) like itself. Management is forecasting 5% to 9% annual growth from 2025 through 2029. The No. 1 reason for this is that the heavy demand for artificial intelligence (AI) capabilities requires significant expansion in data center capacity. So, a company like Equinix that specializes in such facilities is essentially forced to spend now to reap the benefits later. Regardless, analysts didn't hesitate to become more bearish on the company. In fact, several institutions (such as Raymond James and BMO Capital Markets) downgraded their recommendations on the stock. Personally, I don't think that's fair. Intensifying capital expenditure requirements are entirely justified, given that so many developers and end users want robust AI functionality as soon as humanly possible, without bottlenecks. It's data center operators like Equinix that have to pay up front for this, at least at the current stage. This stock's double-digit dip is, therefore, a good opportunity to buy a good company cheaply, in my view. Yes, profitability will be dinged for a while, but I think Equinix has great potential for patient investors who are willing to wait it out over the long term. Before you buy stock in Equinix, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Equinix wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Equinix. The Motley Fool has a disclosure policy. Why Equinix Stock Was Swooning This Week was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
S&P Futures Gain on Trade Optimism, U.S. PCE Inflation Data in Focus
September S&P 500 E-Mini futures (ESU25) are trending up +0.28% this morning amid renewed optimism about trade deals, while investors await the release of the Federal Reserve's first-line inflation gauge. U.S. Commerce Secretary Howard Lutnick said late on Thursday that the U.S. and China had finalized an understanding on trade, and added that the White House is close to reaching agreements with 10 major trading partners ahead of a July 9th deadline when reciprocal tariffs are set to take effect. Also, the Treasury Department announced an agreement with G-7 allies that will exempt U.S. companies from certain foreign-imposed taxes in exchange for dropping the 'revenge tax' provision from U.S. President Donald Trump's tax bill. In yesterday's trading session, Wall Street's major indices closed higher. Enphase Energy (ENPH) surged over +12% and was the top percentage gainer on the S&P 500 on signs that Congress may not eliminate tax credits for rooftop solar panels. Also, chip stocks gained ground, with Marvell Technology (MRVL) climbing more than +5% to lead gainers in the Nasdaq 100 and Broadcom (AVGO) rising over +2%. In addition, McCormick & Co. (MKC) gained more than +5% after the spice maker posted better-than-expected FQ2 adjusted EPS and reaffirmed its full-year guidance. On the bearish side, Equinix (EQIX) slumped over -9% and was the top percentage loser on the S&P 500 after BMO Capital and Raymond James downgraded the stock. The U.S. Bureau of Economic Analysis' third estimate showed on Thursday that the economy contracted at a 0.5% annualized pace in the first quarter, revised from the prior estimate of -0.2%. Also, U.S. durable goods orders shot up +16.4% m/m in May, stronger than expectations of +8.6% m/m, while core durable goods orders, which exclude transportation, rose +0.5% m/m, stronger than expectations of +0.1% m/m. In addition, U.S. pending home sales rose +1.8% m/m in May, stronger than expectations of +0.2% m/m. Finally, the number of Americans filing for initial jobless claims in the past week fell -10K to 236K, compared with the 244K expected. 'The economy is slowing, but remains resilient. While the numbers as a whole don't necessarily make a compelling case for bulls or bears, for the time being, the market appears fixated on tech strength and the S&P 500's potential return to record levels,' said Chris Larkin at E*Trade from Morgan Stanley. Richmond Fed President Tom Barkin said on Thursday that he expects tariffs to exert upward pressure on prices, and with significant uncertainty still lingering, the central bank should wait for greater clarity before making any changes to interest rates. Also, Chicago Fed President Austan Goolsbee said the central bank could resume rate cuts if inflation shows a clear path toward the policymakers' 2% target and uncertainty surrounding the economic outlook diminishes. In addition, San Francisco Fed President Mary Daly said she's observing increasing evidence that tariffs may not trigger a significant or sustained inflation spike, supporting the argument for a rate cut in the fall. Meanwhile, U.S. rate futures have priced in a 79.3% chance of no rate change and a 20.7% chance of a 25 basis point rate cut at July's monetary policy meeting. Today, all eyes are focused on the U.S. core personal consumption expenditures price index, the Fed's preferred price gauge, which is set to be released in a couple of hours. Economists, on average, forecast that the core PCE price index will stand at +0.1% m/m and +2.6% y/y in May, compared to the previous figures of +0.1% m/m and +2.5% y/y. U.S. Personal Spending and Personal Income data will also be closely monitored today. Economists anticipate May Personal Spending to rise +0.1% m/m and Personal Income to grow +0.3% m/m, compared to the April figures of +0.2% m/m and +0.8% m/m, respectively. The University of Michigan's U.S. Consumer Sentiment Index will be reported today as well. Economists expect the final June figure to be revised slightly lower to 60.4 from the preliminary reading of 60.5. In addition, market participants will be looking toward speeches from New York Fed President John Williams, Fed Governor Lisa Cook, and Cleveland Fed President Beth Hammack. In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.270%, up +0.42%. The Euro Stoxx 50 Index is up +1.01% this morning as signs of improving trade relations between Beijing and Washington fueled optimism for a potential de-escalation in the U.S.-driven tariff war. Automobile and media stocks led the gains on Friday. The benchmark index is on track to log its first weekly gain in three weeks. Also boosting sentiment was a Wall Street Journal report stating that the European Union is considering tariff reductions on a range of U.S. imports in an effort to secure a swift trade agreement with the U.S. Other concessions under discussion include reducing nontariff barriers, increasing purchases of American goods such as liquefied natural gas, and proposing cooperation with the U.S. to address its economic concerns about China, the report said. Meanwhile, data released on Friday showed that inflation in both France and Spain edged higher for the first time this year in June, as energy costs rose amid escalating tensions in the Middle East. Still, the data is unlikely to immediately alarm European Central Bank policymakers, as inflation remained below the central bank's 2% target in May. ECB Vice President Luis de Guindos stated on Friday that the central bank is on course to achieve its 2% inflation target. 'We are confident we will meet the inflation target, which is why we lowered interest rates,' he said. In corporate news, Indra Sistemas Sa ( rose over +4% after Morgan Stanley upgraded the stock to Overweight from Equal Weight. France's CPI (preliminary), Spain's CPI (preliminary), Eurozone's Business and Consumer Survey, and Eurozone's Consumer Confidence data were released today. The French June CPI stood at +0.3% m/m and +0.9% y/y, stronger than expectations of +0.1% m/m and +0.7% y/y. The Spanish June CPI came in at +0.6% m/m and +2.2% y/y, stronger than expectations of +0.4% m/m and +2.0% y/y. Eurozone's June Business and Consumer Survey arrived at 94.0, weaker than expectations of 95.1. Eurozone's June Consumer Confidence stood at -15.3, in line with expectations. Asian stock markets today closed mixed. China's Shanghai Composite Index (SHCOMP) closed down -0.70%, and Japan's Nikkei 225 Stock Index (NIK) closed up +1.43%. China's Shanghai Composite Index closed lower today as investors digested disappointing industrial profit data, though signs of easing trade tensions between the U.S. and China helped limit losses. Financial stocks underperformed on Friday. Still, the benchmark index ended the week higher. China's industrial profits fell sharply in May from a year earlier, reversing the previous month's gains, as subdued demand and U.S. trade tariffs pressured profitability. Industrial profit dropped 9.1% year-over-year in May, plunging from April's 3.0% increase, according to data released by the National Bureau of Statistics. Meanwhile, U.S. Commerce Secretary Howard Lutnick said late Thursday that the U.S. and China had finalized an understanding on trade reached in Geneva last month. 'They're going to deliver rare earths to us,' and once that happens, 'we'll take down our countermeasures,' Lutnick said in an interview with Bloomberg News. U.S. President Donald Trump said the U.S. had signed a trade agreement with Beijing on Wednesday. China said on Friday that it had further confirmed details of a trade framework with the U.S. in recent days. In a statement, the Chinese Commerce Ministry said Beijing will 'review and approve eligible applications for export of controlled items in accordance with the law.' In corporate news, Xiaomi climbed over +3% in Hong Kong after the Chinese EV and smartphone manufacturer priced its new electric YU7 SUV at 253,500 yuan ($35,364), nearly 4% lower than Tesla's Model Y. Investors now await the upcoming July Politburo meeting for signs of potential stimulus measures. Japan's Nikkei 225 Stock Index closed higher and hit a 6-month high today, tracking overnight gains on Wall Street. Sentiment was also supported by comments from White House spokesperson Karoline Leavitt, who indicated that the upcoming U.S. tariff deadline could be extended. Heavy-industry and automobile stocks led the gains on Friday. Technology stocks also advanced. The benchmark index posted its biggest weekly gain in nine months. Government data released on Friday showed that core consumer inflation in Japan's capital eased in June for the first time in four months but remained well above the Bank of Japan's 2% target, sustaining market expectations for additional interest rate hikes. In positive news for the 'virtuous cycle' that the BOJ has been aiming to create, data showed that unemployment held steady at a low 2.5% in May. Policymakers anticipate that tightness in the job market will continue to pressure Japanese companies to raise wages. At the same time, Japan's retail sales in May grew at the slowest pace since February. Meanwhile, Capital Economics' Marcel Thieliant noted that the inflation 'overshoot' points to a potential rate hike by the BOJ. He expects the BOJ will raise rates in October, as underlying inflation still runs well ahead of the central bank's forecasts. Despite persistent inflationary pressure, the BOJ kept its policy rate unchanged at 0.5% last week amid elevated uncertainty surrounding the trade outlook. The Nikkei Volatility Index, which takes into account the implied volatility of Nikkei 225 options, closed up +0.74% to 23.29. The Japanese June Tokyo Core CPI arrived at +3.1% y/y, weaker than expectations of +3.3% y/y. The Japanese May Retail Sales stood at +2.2% y/y, weaker than expectations of +2.4% y/y. The Japanese May Unemployment Rate was 2.5%, in line with expectations. Pre-Market U.S. Stock Movers Nike (NKE) surged over +9% in pre-market trading after the sportswear company posted better-than-expected FQ4 results and said it expects the decline in sales and margins to ease in the current quarter. The Trade Desk (TTD) rose more than +3% in pre-market trading after Evercore ISI upgraded the stock to Outperform from In Line with an unchanged price target of $90. Estee Lauder (EL) gained over +2% in pre-market trading after HSBC upgraded the stock to Buy from Hold with a price target of $99. Autodesk (ADSK) advanced about +1% in pre-market trading after Berenberg upgraded the stock to Buy from Hold with a price target of $365. Concentrix (CNXC) slumped more than -7% in pre-market trading after the technology and services provider reported weaker-than-expected FQ2 adjusted EPS and provided below-consensus FQ3 adjusted EPS guidance. You can see more pre-market stock movers here Today's U.S. Earnings Spotlight: Friday - June 27th Apogee (APOG). On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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