Artificial intelligence rally in global markets

The positive trend seen in technology stocks with optimism regarding the artificial intelligence theme continues to support the risk appetite in global markets. News that US-based technology company Nvidia will invest $3 billion in Meta also influenced the increasing demand for technology shares.

Investors also focused on the earnings sheets of Alphabet and Microsoft, which are expected to be released after the close of US markets, for evidence of whether heavy spending on artificial intelligence infrastructure is translating into lasting revenue growth.

Geopolitical developments are also in the focus of the markets. As supply concerns increased following the news that Iran-backed Houthis in Yemen attacked a refinery in Saudi Arabia, the barrel price of December term Brent oil increased by 1.4 percent to 115.5 dollars.

The lack of any concrete developments in reaching an agreement between the USA and Iran is also effective in the rise in oil prices.

With the rise in oil prices increasing inflationary concerns and predictions that interest rates may remain at high levels for a long time, the US 10-year bond interest rate is again above 5 percent, while the dollar index rose to 102.4, the highest level since October 14. An ounce of gold is traded at $4,033, with a decrease of 0.7 percent.

The rise in technology stocks and the move away from safe-haven assets by investors also contributed to the rise in bond yields.

On the other hand, according to the Israeli press, while approximately 16.8 percent of the votes in the general elections have been counted, the race between the bloc led by Prime Minister Benjamin Netanyahu and the opposition is neck-and-neck.

According to the data on the website of the Israel-based Yedioth Ahronoth newspaper, the Netanyahu bloc received 50.4 percent of the votes counted, and other opposition parties received 49.6 percent.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)