US stock index futures show mixed movements, with Google's pre-market drop exceeding 6%. US bond yields are once again on the rise.

On Wednesday, the market continued to focus on US earnings reports, with US stocks under pressure due to rising bond yields, while most European stocks rose.

International oil prices rose slightly, and the USD/JPY exchange rate approached the 150 level again.

Mixed feelings in earnings reports, mixed performance in US stock index futures

US stock index futures showed mixed performance, with Nasdaq 100 futures down 0.56%, S&P 500 futures down 0.32%, and Dow Jones futures up 0.24%.

In terms of news, Alphabet, the parent company of Google, saw its stock price fall more than 6% before the market opened. The company had previously reported growth in both profit and revenue, but its cloud business performed poorly. In contrast, Microsoft's stock price rose nearly 4% as the company's profit and revenue exceeded expectations, and its investment in artificial intelligence paid off for its cloud business.

The stock prices of other major tech companies were also under pressure due to high bond yields, with Amazon falling 1.6% before the market opened, and Meta, the parent company of Facebook, which announced its earnings report after Wednesday's close, falling 1%.

The focus of the US stock market continues to be on earnings reports, with Meta, Boeing, IBM, and others set to release their reports.

US bond yields continue to rise

After a slight stabilization, US bond yields rose again on Wednesday, with the 10-year Treasury yield climbing to 4.884% and the 30-year Treasury yield rising to 5.012%, above the key level of 5%.

Currently, investors are assessing the US economic situation. Several Federal Reserve officials have stated that rising bond yields will tighten financial conditions and may slow down the economy.

Earlier, Bill Ackman stated on Monday that he believes investors may soon buy bonds as a safe haven amid escalating geopolitical concerns.

Most European stocks rise

European stocks opened lower but rebounded. As of now, the German DAX index is up 0.03%, the French CAC40 index is up 0.1%, the UK FTSE 100 index is up 0.21%, and the Euro Stoxx 50 index is up 0.12%.

Oil prices rise slightly, yen approaches the 150 level

Oil prices rose slightly, with WTI crude oil up 0.21% to $83.92 per barrel and Brent crude oil up 0.34% to $87.46 per barrel. The Japanese yen remains weak, and the USD/JPY pair is once again approaching the 150 level.