London's blue-chip index, the FTSE 100, is anticipated to dip this morning. This comes as technology stocks are rebounding after experiencing a sell-off earlier in the week.
Overnight, equities in Asia bounced back, reversing some losses from a significant selling session. Investors had previously reduced their tech exposure due to concerns surrounding cloud company Corewave's debt pile, which fuelled fears about AI financing. South Korea's Kospi climbed 2.8 per cent, following a nearly eight per cent plunge the previous day.
Meanwhile, Brent crude was trading above $105 per barrel on Friday morning. This puts the oil benchmark on track for a weekly gain, driven by mounting supply concerns in the Middle East. Broader anxieties regarding the safety of shipping routes in the region have increased after the US Central Command confirmed an Iranian projectile sank a Singapore-flagged container ship.