Google's parent company Alphabet drags on the US tech sector, following disappointing results. But, after the closing bell, Apple's share price jumps as its chief executive gives upbeat guidance for the current quarter.
Australian shares are expected to open slightly higher, following a slide in Apple and Google stocks which pulled down Wall Street's technology index.AUD: 70.47 US cents, 54.05 British pence, 62.85 euro cents, 78.54 Japanese yen, $NZ1.06Europe: FTSE 100 -0.3pc at 7,418, DAX +0.1pc at 12,344, CAC +0.1pc at 5,586, Euro Stoxx 50 +0.4pc at 3,515At 7:15am , the Australian dollar was marginally weaker at 70.46 US cents.
This was after the company posted weaker-than-expected revenue following the closing bell on Monday , blaming it on aShares in Apple also fell sharply during the New York trading session — prior to its quarterly results being released in after-hours trade. Apple's second quarter earnings were in line with market expectations — but its guidance for the next quarter were stronger than expected.But investors piled into the stock in after-hours trade when Apple's chief executive Tim Cook said iPhone sales had started to stabilise in China, a sign that Apple's price cuts there are helping limit sales declines.
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