The British pound showed resilience as rising oil prices, fueled by U.S. strikes in Iraq, bolstered the dollar on expectations of a hawkish Federal Reserve. Analysts point to money market dynamics rather than UK fundamentals for sterling's strength.
Salesforce shares fell after KeyBanc downgraded the stock to Sector Weight, citing survey data that suggests slow customer adoption of its Agentforce AI platform due to data readiness issues.
Meta Platforms is set to begin manufacturing its custom AI chip, codenamed 'Iris,' in September as part of a major initiative to double its computing capacity to 14 gigawatts by 2027 and reduce reliance on external suppliers.
Shares of enterprise software company ServiceNow fell in pre-market trading, caught in a broader market downturn driven by geopolitical tensions and specific headwinds facing the software sector.
Microsoft shares declined in pre-market trading, pressured by a BMO Capital price target reduction, news of potential enterprise client attrition, and rising hardware costs for its Xbox division.
Shares of Virax Biolabs (NASDAQ:VRAX) surged after the company announced an exclusive agreement to supply its ImmuneSelect immune profiling products to Fosun Diagnostics across six Southeast Asian markets.
Oil prices have eased from multi-week highs and global equities are mixed as investors assess the latest military exchanges between the U.S. and Iran alongside central bank inflation concerns.
Indian benchmark indices closed in positive territory on Thursday, with the Nifty 50 gaining 0.34% and the BSE Sensex rising 0.31%, driven by strength in real estate and consumer durables stocks.
The Swiss staffing giant's stock rose after analysts at Deutsche Bank upgraded their rating to 'Buy' from 'Hold,' citing an attractive valuation following a period of share price weakness.
