After the euphoria caused by the US Federal Reserve’s less aggressive-than-expected decision, financial markets suffered a backlash on Thursday. Oracle’s disappointing results reignited fears of a technology bubble and triggered a widespread decline in global stock markets.
On Thursday morning at the opening of European stock markets, the CAC 40 remained slightly positive at +0.3%, while the DAX 40 in Frankfurt lost -0.2% and the FTSE 100 in London remained flat.
In New York at the last close, the Dow Jones gained 1.1%, the Nasdaq rose 0.3% and the S&P 500 gained 0.7%.
Finally, in Asia, the Nikkei fell 0.9%, the Shanghai Composite ended down 0.7%, and the Hang Seng closed just below break-even.
Oracle causes turmoil
The relief brought about by the Federal Reserve’s December meeting was short-lived : last night, Oracle published quarterly results that fell short of expectations, accompanied by forecasts deemed too timid by a market that has become very demanding of players involved in artificial intelligence.
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Read also > [STOCK MARKET UPDATE] Dollar stalls as euro soars
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