Oracle (ORCL) news
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Oracle in the desk's market notes
- US Market Open: Iran receives US feedback on the seven-point proposal; AUD lags post-CPI while DXY eyes PCE
US Democratic Lawmaker Raskin has reportedly sent letters Amazon (AMZN), Google (GOOGL), Meta (META) and Oracle (ORCL), requesting information regarding NDAs signed with government officials in relation to AI data center projects, according to the WSJ.
- EU Market Open: APAC stocks were ultimately mixed, with US-Iran showing little progress; European equity futures indicate a positive cash market open
US stocks were mixed, with most major indices in the red although the tech-heavy Nasdaq 100 outperformed and closed with gains as Oracle saw strength amid reports that OpenAI's annual recurring revenue is reportedly close to USD 70bln, a steep increase from earlier reports of an annualised run rate over USD 40bln by…
- EU Market Open: Iran's FM said that Iran presented a proposal to the US this week, weighing on the crude complex; central bank speak ahead
US stocks ultimately finished the day relatively flat in choppy trade, in which the SPX, NDX and RUT were flat, while the DJI sold off and the RSP dropped. Sectors were predominantly lower, with Utilities, Materials and Staples lagging, while Communication Services, Health Care and Energy outperformed. The stock…
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