Oracle's Cloud Business Surges; Global Stocks Advance on Rate Cut Hopes
Key Takeaways
- Oracle's stock rose 28%, adding $190B to market value on cloud expectations.
- Global stocks rallied, gold hit highs on U.S. rate cut expectations.
- Fitch upgraded India's FY26 GDP growth forecast to 6.9% due to strong demand.
- Oil prices rose 1.5% after Israeli attack in Qatar.
- Trump challenges Federal Reserve's independence by attempting to fire Governor Lisa Cook.
Top Stories
Oracle's cloud business surges, stock up 28%, market value up $190B.
On September 9, 2025, Oracle announced strong cloud order expectations, causing its stock to rise significantly. The company's remaining performance obligations jumped, and the stock is on pace to add about $190 billion to its market value.
Global stocks advance on rate cut hopes; gold hits new highs.
On September 8 and 10, 2025, global markets reacted to expectations of U.S. interest rate cuts, with world stocks rallying and gold reaching new highs. The U.S. Treasury's four-week T-bill sales hit a $100 billion milestone.
Fitch upgrades India's GDP growth forecast to 6.9%.
On September 10, 2025, Fitch Ratings upgraded India's FY26 GDP growth forecast by 40 basis points to 6.9%, citing strong domestic demand and consumer spending. The agency projects inflation to reach 3.2% by end-2025.
Oil prices rise due to Israeli attack in Qatar.
On September 9, 2025, Israel launched a "precision bombing" against Hamas officials in Doha, Qatar, causing a 1.5% rise in Brent and Texas oil prices due to the risk of escalating conflict.
Trump challenges Federal Reserve's independence.
On September 8, 2025, former President Donald Trump initiated a constitutional challenge to the U.S. Federal Reserve's independence by attempting to fire Governor Lisa Cook, potentially resetting global finance.
Financial Analysis
US poverty rates and household income stable in 2024.
On September 9, 2025, the U.S. Census Bureau reported that U.S. poverty rates and household income remained largely stable in 2024, with a supplemental poverty measure of 12.9% and a real median household income of $83,730.
Market Insights
Argentina's market anticipates tension after Buenos Aires elections.
On September 9, 2025, Argentina's President Milei confirmed his government's economic program, while the market anticipates increased currency tension and drops in stocks and bonds after the Buenos Aires provincial elections. Analysts consider the election result as the worst-case scenario, with the 'crypto-dollar' exceeding $1,400.
Asian stocks climb, mirroring Wall Street's record highs.
On September 10, 2025, Asian stocks climbed, mirroring Wall Street's record highs, with Japan's Nikkei 225 nearing historic levels following Prime Minister Shigeru Ishiba's resignation and expectations of supportive policies.
French 10-year bond yields surpass Italy's.
On September 9, 2025, French 10-year bond yields surpassed Italy's for the first time in the Eurozone, due to concerns about French fiscal policy and political instability.
Nikkei futures rise on PM resignation and fiscal expansion.
On September 8, 2025, Nikkei 225 futures rose, driven by a weaker yen and expectations of fiscal expansion following Prime Minister Ishiba's resignation.
Indian stocks rise on tax relief and US rate cut hopes.
On September 10, 2025, Indian stock indices Sensex and Nifty opened higher, driven by optimism surrounding tax reliefs, potential US rate cuts, and hopes for progress in India-US trade talks.
Hong Kong stocks hit four-year highs.
On September 9, 2025, Hong Kong stocks reached four-year highs, driven by expectations of US interest rate cuts. However, the Chinese market, especially the technology sector, experienced declines.
Emerging market stocks hit 4-year high on rate cut hopes.
On September 10, 2025, the expectation that the FOMC will cut interest rates next week led to the MSCI Emerging Markets Index reaching a four-year high.
Policy Watch
Trump urges tariffs on China and India to pressure Russia.
On September 9, 2025, US President Donald Trump urged EU officials to impose 100% tariffs on China and India to pressure Russia, while also hinting at strengthening trade ties with India.
Trump administration highlights downward revision to US jobs numbers.
On September 9, 2025, the Trump administration highlighted a record downward revision to US jobs numbers by the Bureau of Labor Statistics (BLS), as vindication of President Trump's criticisms of government data and the Federal Reserve.
French PM loses confidence vote, market reaction muted.
On September 8, 2025, French Prime Minister Francois Bayrou lost a confidence vote, but the market reaction was muted. The US will release Nonfarm Payrolls benchmark revision estimates, and the euro area's Sentix investor confidence declined.