Oil Prices Weigh on Markets as Oracle Beats Earnings Expectations

The Tokyo stock market is expected to pull back on the 11th due to aversion to rising crude oil prices amid worsening Middle East tensions. The Nikkei Stock Average may see a decline in the projected range of 63,800-64,500 yen.

Oracle's quarterly revenue exceeded expectations, with demand for cloud computing services remaining strong due to expanding corporate investment in artificial intelligence. The company raised its full-year profit outlook, indicating that its massive investments in data centers are paying off.

The US Treasury bought back $5.2 billion worth of 10- to 20-year Treasury bonds as part of ongoing buyback measures to support market liquidity. This move comes after the government announced it would at least double the scale of long-term bond buybacks to $4 billion.