{"id":139016,"title":"FTSE 100 Set for Higher Open as Amazon Sparks Global Tech Rally","publisher":"Share Talk","author":"sharetalk","published":"2026-07-31T06:15:08+00:00","modified":"2026-07-31T06:15:08+00:00","canonical_url":"https://www.share-talk.com/ftse-100-set-for-higher-open-as-amazon-sparks-global-tech-rally/","markdown_url":"https://www.share-talk.com/ftse-100-set-for-higher-open-as-amazon-sparks-global-tech-rally.md","json_url":"https://www.share-talk.com/ftse-100-set-for-higher-open-as-amazon-sparks-global-tech-rally.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["Asia","Bangkok","Denmark","Endeavour Mining","Fed","Federal Reserve","Finland","FRANCE","FTSE 100","GERMANY","Glencore","Greenland plan","Hong kong","Japan","London","Manila","mining stocks","Mumbai","Nasdaq Composite","NATO alliance","Netherlands","Nikkei 225","Norway","S&P 500","shanghai","Singapore","Sweden","Sydney","Taiwan","UK","United States","Wall Street","Wellington"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/FTSE-100-16-OCT-scaled.webp?fit=1200%2C675&quality=80&ssl=1","format":"news","language":"en-GB","content":"The **FTSE 100** is set to open higher on Friday after a powerful rally on Wall Street and across Asian markets, driven by blockbuster results from **Amazon** that reignited enthusiasm for technology stocks.\n\nFutures point to London’s blue-chip index opening around **50 points**, or **0.5%**, higher at **10,950.67**, following Thursday’s close of **10,897.27**.\n\nIn the US, the **Dow Jones** gained **1.2%**, the **S&P 500** rose **1.7%**, and the **Nasdaq Composite** surged **2.8%** as investors welcomed strong earnings from major technology companies.\n\n**Amazon** jumped **9.6%** in after-hours trading after reporting second-quarter revenue of **US$200.6 billion**, up **20%** year-on-year, while net income more than tripled to **US$62.7 billion**. The company’s cloud division, **Amazon Web Services**, delivered **37%** revenue growth to **US$42.2 billion**, helping ease concerns over the profitability of heavy artificial intelligence investment.\n\nBy contrast, **Apple** fell **6.3%** in extended trading after warning that supply constraints would worsen in the current quarter, with expected revenue growth of **9% to 11%**, below market forecasts.\n\nThe strong US session lifted Asian equities, with Japan’s **Nikkei 225** climbing **4.4%**, while South Korea’s **Kospi** surged **17%** as semiconductor stocks staged a sharp recovery after heavy losses earlier in the week.\n\nThe **Bank of Japan** left its benchmark interest rate unchanged at **1.0%**, a decision widely expected by markets.\n\nCommodity prices eased overnight, with **Brent crude** falling to **US$87.14 a barrel**, while **gold** slipped to **US$4,074.71 an ounce**.\n\nInvestors will now turn their attention to UK corporate earnings, with half-year results due from **NatWest**, **International Consolidated Airlines (IAG)** and **Rightmove**, alongside eurozone inflation data later in the morning."}