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Morning Report 31 July 24: Microsoft shares drop on cloud miss

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Manage episode 431518503 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

US technology names face selling pressure ahead of key earnings figures. Microsoft shares slide after slightly missing cloud revenue expectations. The Reserve Bank faces challenges with falling economic growth and rising inflation. US interest rates and Aussie inflation data are in focus, while chip shares fall as rotation into value stocks continues. Meanwhile, oil prices hit a seven-week low, and Rio Tinto will release its earnings today.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

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647 episodes

Artwork
iconShare
 
Manage episode 431518503 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

US technology names face selling pressure ahead of key earnings figures. Microsoft shares slide after slightly missing cloud revenue expectations. The Reserve Bank faces challenges with falling economic growth and rising inflation. US interest rates and Aussie inflation data are in focus, while chip shares fall as rotation into value stocks continues. Meanwhile, oil prices hit a seven-week low, and Rio Tinto will release its earnings today.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

  continue reading

647 episodes

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