Results for: Inflation Data

Stock futures rose in premarket trading on Friday, driven higher by positive earnings reports from major technology companies. Google parent Alphabet led the gainers, with its stock surging 11% after beating expectations on the back of strong YouTube revenue and Cloud growth. Microsoft also impressed, with its shares climbing 5% after posting better-than-expected FQ3 results, fueled by robust growth in its Azure business. Snap followed suit, with its shares jumping 24% after reporting an upbeat Q1 and Q2 outlook. However, the semiconductor giant Intel performed poorly, with its stock plummeting 7% due to mixed Q1 results and a disappointing outlook.

The Australian share market is expected to have a positive start to the trading day, buoyed by a rise in US markets overnight. The ASX SPI 200 Futures are currently up 0.35%, signaling an increase of 27 points to 7,725. This upbeat sentiment follows strong corporate earnings in the US, with key indices posting gains.

US stocks are anticipated to open higher on Monday following a period of steep declines. Easing tensions in the Middle East have alleviated risk aversion, while investors prepare for a busy week filled with key events, including earnings reports from major tech companies and the release of critical inflation data. However, Tesla shares have dropped due to price cuts in key markets.