---
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"
date: 2026-07-31
canonical: "https://www.share-talk.com/ftse-100-set-for-higher-open-as-amazon-sparks-global-tech-rally/"
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"]
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"
---

# FTSE 100 Set for Higher Open as Amazon Sparks Global Tech Rally

**Published:** July 31, 2026
**Author:** sharetalk
**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)

---

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.

Futures 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**.

In 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.

**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.

By 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.

The 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.

The **Bank of Japan** left its benchmark interest rate unchanged at **1.0%**, a decision widely expected by markets.

Commodity prices eased overnight, with **Brent crude** falling to **US$87.14 a barrel**, while **gold** slipped to **US$4,074.71 an ounce**.

Investors 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.

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