Shares of Oracle, the world’s #3 software maker, are down almost 10% in aftermarket trading due to a weak earnings report. Oracle is one the first big tech companies to report and there is talk about cutbacks on spending due to the uncertainty in Europe.
“Every technology company is going to get hit. This is just the start,” said Global Equities Research analyst Trip Chowdhry.
AUD has edged down to 1.0068 but the market is quiet.
