NewsWPLG Local 10October 26, 2026Miami-Dade County
World shares mostly rise as oil prices retreat following recent highs
Photo: WPLG Local 10
Global stock markets mostly advanced on Monday while oil prices fell more than 1%, as investors awaited upcoming corporate earnings reports and central bank decisions. Major European indexes and U.S. stock futures moved higher, recovering from earlier losses in Asia where technology shares faced selling pressure.
Read the full story at WPLG Local 10Why It Matters
Market fluctuations and upcoming central bank interest rate decisions directly impact borrowing costs, corporate earnings, and consumer prices globally, including energy and everyday goods.
Key Facts
- World shares were mostly higher on Monday, while oil prices fell after rising to their highest level in over four years.
- Germany's DAX surged 0.7%, Paris's CAC 40 picked up 0.9%, and Britain's FTSE 100 added 0.5% in early European trading.
- Tokyo's Nikkei 225 slipped 0.8% as technology and chipmaking shares faced selling pressure.
- Brent crude fell 1.7% to $109.86 a barrel, and U.S. benchmark crude sank 2.1% to $101.08 a barrel.
- Major tech companies including Alphabet, Microsoft, and Amazon are scheduled to report their financial results this week.
- American Express reported quarterly profits that beat forecasts but announced its first major job cuts in roughly a decade, with its stock sliding 3.7%.
- U.S. inflation remains above 3%, and the personal consumption expenditures index is expected to show inflation at a 3.7% rate in September.
- The U.S. conflict with Iran has severely cut global oil supplies, driving up the cost of energy, gasoline, food, and clothes.
Who's Mentioned
PersonStephen Innes“Analyst of SPI Asset Management providing market commentary.”locationShanghai“Home to the Shanghai Composite index.”locationAustralia“Home to the S&P/ASX 200 index.”OrganizationAlphabet“Parent company of Google reporting financial results this week.”locationHong Kong“Home to the Hang Seng index.”locationIran“Involved in a war with the U.S. that has cut the world's oil supply.”OrganizationSamsung Electronics“Memory chipmaker that lost 1.1% in Seoul.”locationU.S.“Jurisdiction monitoring inflation, treasury yields, and Federal Reserve policy.”OrganizationBank of Japan“Due to announce a decision on its key interest rate later in the week.”locationBritain“Home to the FTSE 100 index.”locationSeoul“Home to the Kospi index.”locationParis“Home to the CAC 40 index which picked up 0.9%.”OrganizationFederal Reserve“U.S. central bank expected to hold rates steady at its meeting.”locationGermany“Home to the DAX index which surged 0.7%.”locationTokyo“Home to the Nikkei 225 index.”OrganizationAmazon“Company reporting financial results this week.”OrganizationMicrosoft“Company reporting financial results this week.”OrganizationAmerican Express“Slumped 3.7% despite reporting quarterly profits that beat forecasts, and announ”