Good evening and welcome to Markets Desk.
Oracle delivered a strong fiscal fourth quarter, beating on both earnings and revenue, but the stock sold off anyway as the company announced plans to raise an additional twenty billion dollars in capital. Investors took that as a signal of heavy spending ahead, likely tied to AI infrastructure buildout, and the market punished the dilution risk accordingly.
Shifting to the soft commodities complex, cocoa pulled back sharply in New York and London trading as weather forecasts showed dry conditions moving into West Africa later this week, easing concerns about flooding that had been pressuring supply. When the weather threat fades, so does the fear premium, and cocoa gave back nearly two percent on both exchanges.
Meanwhile, coffee moved in the opposite direction after Japan's meteorological agency formally confirmed the arrival of an El Niño weather pattern across the equatorial Pacific. That confirmation triggered short covering in arabica and robusta futures alike, with both contracts settling up roughly one and a half to nearly two percent on the session. El Niño historically disrupts rainfall patterns across key growing regions, and traders repositioned fast once the official word came through.
That's the tape. Markets Desk, signing off the floor.
