Earnings boost in global markets
Stocks are rising in global markets following strong earnings reports from US technology firms.
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Futures for US stocks, which closed Thursday with losses, point to a recovery. Nasdaq 100 futures are up 0.8 percent. S&P 500 futures, which are near correction territory, also point to a recovery with a 0.5 percent gain.
Risk appetite has also spread to Asia. While buying is seen in almost all major indices, Japan's Topix and Hong Kong's Hang Seng are rising by 1 percent.
US yields, which declined on Thursday due to strong bond auctions, are stable this morning. The US 10-year yield is at the 4.85 percent level. The Bloomberg Dollar Index is down 0.1 percent at 1,275 points.
The Dollar/TL exchange rate is trading at 28.20 in the morning hours. Oil prices are rising following Iran's warning to the US. Brent oil contracts are finding buyers at 89.1 dollars, up 1.4 percent. Spot gold is also up 0.2 percent at 1,989 dollars.
AMAZON AND INTEL EARNINGS
Following poor earnings and forecasts from major US technology companies throughout the week, the earnings and projections of two companies have pleased investors. Amazon, which investors focused on for its cloud computing business, exceeded expectations by generating 6.98 billion dollars in operating profit in this area.
The revenue of the company's core business, online retail, also surpassed analyst expectations. In his speech to investors, Amazon CEO Andy Jassy stated that generative artificial intelligence is creating tens of billions of dollars in opportunities for the cloud computing company Amazon Web Services.
Amazon shares rose 5.3 percent in the futures market. Chip manufacturer Intel, on the other hand, pleased investors with its forward-looking assessments. In a statement from Intel, it was noted that the company expects sales revenue between 14.5 and 15.6 billion dollars in the fourth quarter. Analysts had estimated this expectation at 14.4 billion dollars. Following the sales revenue forecast that exceeded analyst expectations, Intel's shares rose 7.7 percent in the futures market.