Global Markets: The Impact of Apple and Amazon - Stock Prices are Rising

Global Markets Balance Euphoria

Apple's impressive iPhone sales forecasts and Amazon's remarkable cloud computing revenues have increased the volatility in the stock markets.

Signs of Recovery in American Stock Indices

American stock indices that experienced losses on Thursday are showing signs of recovery in futures trading. S&P 500 futures increased by 0.7%, while the Nasdaq rose by 1.2%. In the previous session, technology stocks had weakened, causing the S&P 500 to decline by 1% and the Nasdaq 100 by 1.5%.

Uncertainty Continues in Asian Markets

As of Friday, while Asian stocks have lost some of their gains, the MSCI Asia Pacific index rose by 0.2%, remaining close to record levels. Japanese stocks increased by 1.7%, whereas the main indices in China and Hong Kong lost approximately 1% in value.

Gold Prices on the Decline

Gold prices continue to experience a downward trend. The price of gold per ounce fell by 0.8%, marking the fourth decline in the last five sessions.

Calm Trends in Bond and Currency Markets

There is generally a calm trend in the bond and currency markets. The yield on 10-year U.S. Treasury bonds remained stable at 4.097% in Asian trading. The Bloomberg Dollar Index stayed flat at 1,218 points. The Japanese yen gained value against the dollar due to rising inflation in Tokyo and the government's statements on monitoring the currency.

Positive Results for Amazon and Apple

Apple Inc. expects a revenue increase of 10% to 12% during the holiday season following the launch of new iPhones. CFO Kevan Parekh stated in a conference call with analysts that this growth will be a driving force.

Amazon.com Inc. reported a revenue of $33 billion in the third quarter of its cloud services, achieving a year-on-year growth of 20%. Analysts had expected 18%, and this result relieved investors.