You're tuned in to Markets Desk, let's get you caught up on the moves that matter this Monday.
Microsoft shares are pushing higher after the company reported accelerating growth in its cloud business, giving investors a concrete reason to buy into the AI infrastructure story. Azure momentum appears to be the engine here, lifting sentiment across the broader tech sector and reinforcing the thesis that enterprise cloud spending remains resilient.
Shifting to the Asia-Pacific session, Indian equities are pointing to a stronger open as US-Iran peace talks resume, easing geopolitical pressure that had been weighing on emerging market risk appetite. Adding fuel to that optimism, foreign institutional investors have been net buyers of Indian equities for four consecutive sessions, most recently picking up shares worth two hundred seventy-seven crore rupees on July thirty-first.
Meanwhile in Australia, the S&P ASX two hundred is struggling to hold ground in mid-session trade, slipping below the eight thousand nine hundred level despite a constructive Wall Street close on Friday. The domestic market appears to be digesting its own headwinds independent of the positive offshore lead, suggesting sellers are finding pockets of weakness even as global tone improves.
That's the tape. Markets Desk, signing off the floor.
