The search for direction continues in global markets Global markets, know strong company

Yesterday, the decline in oil prices and company balance sheets exceeding expectations limited the volatility in technology stocks, increasing the risk appetite in global markets. With the influence of these developments, a buying-oriented trend was observed in the New York Stock Exchange.

Company profits, which are significantly above expectations, contribute to alleviating concerns about artificial intelligence to some extent. However, predictions that high expectations may lead to price volatility on a company basis also stand out.

The theme of artificial intelligence remains one of the long-term drivers of corporate profits and economic growth. But investors are becoming increasingly selective when assessing which companies will benefit from this development.

Geopolitical uncertainties in the Middle East also cause global markets to seek direction.

The barrel price of December term Brent oil, which decreased by 0.7 percent to 108.8 dollars yesterday with the news that the USA and Iran were discussing a new agreement through mediators, increased by 1.3 percent to 110.2 dollars on the new day due to the attacks on ships around the Strait of Hormuz threatening oil shipments and the decline in US oil stocks.

On the other hand, as the Congressional midterm elections to be held in the USA on November 3 are approaching, the tables in the surveys are starting to become clear.

Although the average of the polls conducted across the country regarding the elections seems to have an advantage for the Democrats in the House of Representatives and the Republicans in the Senate, the real outcome will be determined by the constituencies where the race is currently running neck and neck.

On the other hand, Trump, who made evaluations about the Iranian agenda after a press conference in the Oval Office, argued that the war with Iran will end very soon and oil prices will drop rapidly.

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