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Oracle Rises Over 11% Pre-Market as Earnings Guidance Beats Expectations
TradingKey - At 5:00 AM ET, Oracle (ORCL) shares surged nearly 11% in pre-market trading after the company reported third-quarter earnings that beat expectations. As of press time, the gain has narrowed to 10%.
TradingKey
Wed, Mar 11
Unprecedented Intervention: Crude Near $80 as IEA Proposes Historic Oil Stockpile Flood
The International Energy Agency (IEA) has proposed the largest-ever release of strategic petroleum reserves, putting downward pressure on crude oil prices and leaving the $80 threshold in jeopardy.
TradingKey
Wed, Mar 11
WTI Price Forecast: Struggles near $82.00, 200-hour holds the key for bulls amid Iran war
West Texas Intermediate (WTI) Crude Oil prices struggle to build on the overnight bounce from sub-$76.00 levels, or the weekly low, and meet with a fresh supply during the Asian session on Wednesday. The commodity currently trades just below the $82.00 mark, down nearly 4% for the day.Fxstreet
Wed, Mar 11
Super-long JGBs slip on oil-driven inflation woes, Iran tensions
By Satoshi Sugiyama TOKYO, March 11 (Reuters) - Japan's super-long government bonds eased on Wednesday, as traders remained wary of inflation risks amid volatile crude oil prices tied to the ongoing U.S.-Israeli war against Iran.The 20-year JGB yield JP20YTN=JBTC climbed 1 basis point (bp) to...Reuters
Wed, Mar 11
Gold edges higher on safe-haven demand ahead of US CPI data
Gold edged higher on Wednesday on safe-haven demand and as a retreat in oil prices calmed inflation worries, reviving expectations for potential Federal Reserve rate cuts this year as investors awaited U.S. CPI data that may offer more cues.Reuters
Wed, Mar 11
SoftBank's PayPay plans to price US IPO around low end of range, sources say
Book more than five times oversubscribed, source says Tencent, Alipay, Google commit to invest in IPO, source says PayPay has had bumpy path to IPO SoftBank's Arm listed in US in 2023 By Miho Uranaka and Echo Wang TOKYO/NEW YORK, March 11 (Reuters) - The initial public offering of SoftBank...Reuters
Wed, Mar 11
Airline shares battered, airfares surge as Iran war pushes oil above $100
Brent jumps as much as 29% on Monday to levels not seen since 2022Airline shares fall in Asia and EuropeSome airfares now cost seven times more than a week agoAnalysts warn of travel slump, potential grounding of aircraft By Julie Zhu and Christoph Steitz HONG KONG/FRANKFURT, March 9 (Reuters) - ...Reuters
Wed, Mar 11
Currency market on tenterhooks as Iran war weighs on sentiment
SINGAPORE, March 11 (Reuters) - The dollar held its ground on Wednesday as traders moved to the sidelines, awaiting cues on what comes next in the U.S.-Israeli war with Iran while mixed messages on a resolution to the conflict kept sentiment frail.
Pound Sterling gains traction against softer USD; eyes US CPI report for fresh impetus
The GBP/USD pair attracts fresh buyers during the Asian session on Wednesday and stalls the previous day's retracement slide from the 1.3485 region, or over a one-week high. Spot prices currently trade around the 1.3430 region, up 0.10% for the day.Fxstreet
Wed, Mar 11
