Market highlightsBitcoin -1.6% to $US22,551 at 4.30am AEDTIn New York: BHP +0.8% Rio +0.7% Atlassian -2.8%In Europe: Stoxx 50 -0.1% FTSE -0.2% CAC -0.1% DAX -0.1%10-year yield: US 3.47% Australia 3.50% Germany 2.14%In its conference call after releasing results on Wednesday AEDT, Microsoft said demand for cloud services eased last month.
“The bull/bear debate on MSFT will only intensify after this print. The question now in the Street’s mind is what does this Azure decel path look like over the coming quarters in a very uncertain macro.”Microsoft on Thursday AEDT said it had recovered all of its cloud services after a networking outage took down its cloud platform Azure along with services such as Teams and Outlook used by millions around the globe.
By late morning eastern US time, Azure said most customers should have seen services resume after a full recovery of the Microsoft Wide Area Network .Copper production in Chile, the world’s largest producer of the red metal, will grow at a slower rate this decade than previously hoped, a government report seen by Reuters showed, with peak output later and lower than estimated a year ago.
That is well below the 7.62 million-tonne 2028 peak the regulator had estimated in its decade outlook a year ago.