A look at the day ahead in European and global markets from Ankur Banerjee

Whisper it quietly, but worries around a tech bubble might just resurface after Oracle earnings ‍disappointed investors even as AI spending shows no signs of easing, underscoring the challenge the sector faces in turning spending into profits.

That means relief the Federal Reserve did not sound more hawkish at its December meeting was fairly short-lived, with stocks sliding and futures pointing to a much lower ‌open in Europe and the United States.

U.S. cloud computing ‌firm Oracle provided profit and revenue outlook that missed estimates and said spending would rise by $15 billion compared with earlier estimates.

Oracle’s results are considered an indicator of whether an AI bubble exists, and also how it will r

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