June 9 (Reuters) - A look at the day ahead in European and

global markets from Wayne Cole.

Asian investors, either very brave or very foolish, are back

to buying the dip on Tuesday and most regional indices are

bouncing. News Iran and Israel had agreed to halt attacks on

each other for now, helped the mood and pulled oil prices lower.

South Korea's Kospi is up almost 5%, having shed 8%

on Monday, and is still up a trifling 83% for the year. Its bull

run has sucked in more and more retail investors who are

borrowing to buy and thus vulnerable to margin calls.

A recent Bank of Korea report showed leveraged investment

into equities by retail investors topped a record 60 trillion

won ($39.06 billion) as of the end of May, including through

ETFs leveraged to chipmakers.

Chinese shares were aided by data showing exports rose 19%

in May from a year earlier, with imports climbing 27% as both

beat market forecasts. The rise in imports is all the more

impressive given imports of oil are down 29% on a year ago and

running at the lowest daily pace since 2018.

The Asian giant's surplus with the United States amounts to

almost $114 billion so far this year, which is actually a little

higher than the same period in 2025 despite all of President

Donald Trump's efforts with tariffs and trade hurdles.

European stock futures are modestly in the red, while Wall

Street futures inched up, having been saved overnight by demand

for semiconductor stocks. Much of the buying was in just five

stocks and more than 60% of the S&P 500 ended lower.

The next big test for tech will be results from Oracle

on Wednesday and Adobe the day after.

Apple ( AAPL ) shares failed to get any initial boost from a

long-delayed AI overhaul of Siri, unveiled at its annual

Worldwide Developers Conference.

ChatGPT-maker OpenAI confidentially filed for a U.S. initial

public offering on Monday, joining rival Anthropic in a

trillion-dollar rush for equity financing.

Key developments that could influence markets on Tuesday:

- German industrial output, trade balance for April

- U.S. trade balance for April, May existing home sales, May

small business optimism

- Informal dinner and exchange of views by ECB President

Christine Lagarde and the Governing Council with EU Commissioner

for Climate, Net Zero and Clean Growth