Equities: Tech underperforms on software slump – Danske Bank

Danske Research Team says global equities ended slightly lower on generally sour risk sentiment, with the tech sector underperforming due to a sharp drop in software names. Value stocks reversed prior losses and outperformed cyclicals. Futures are mostly lower, although Nasdaq futures are supported after Intel delivered a strong AI-driven outlook, while Asian indices trade mostly in the red.

Global stocks soften as risk tone sours

"Global equities ended a touch lower at 0.4% in general sour risk sentiment."

"Value stocks largely reversed Wednesday's decline, amid an otherwise defensive outperformance to cyclicals."

"The tech sector was the clear underperformer, however this was entirely driven by the software companies that was 5.1% down yesterday."

"Futures are generally down, with the exception of Nasdaq as Intel gave strong AI driven outlook."

"Asian indices are mostly in red."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)