Asian stocks slip, Wall St and bonds benefit from oil dip
SPY•Asian stocks mostly fell as concerns about AI spending weighed on sentiment, while an oil price retreat supported bonds and U.S. stock futures. Brent fell 1.8% to $107.83 a barrel, and China’s economy grew 4.5% year over year in the third quarter.
1. Markets and oil
Asian share markets mostly slipped on Monday as investors weighed concerns about AI’s funding needs ahead of a busy week of earnings. S&P 500 futures rose 0.8% and Nasdaq futures gained 1.3% as oil prices retreated after President Donald Trump waived some sanctions on Russia, while he later said no final decision had been made. Brent fell 1.8% to $107.83 a barrel and U.S. crude lost 1.2% to $100.20.
2. Regional markets and data
Japan’s Nikkei fell 0.7%, while South Korea’s benchmark gained 0.6% and Taiwan’s fell 1.1%. Chinese blue chips edged up 0.1% after third-quarter economic growth came in at 4.5%, slightly above forecasts; retail sales rose 1.1% and industrial output increased 5.5%.
3. Earnings ahead
Investors are looking to results from Meta, Lam Research, Texas Instruments and Tesla this week. Meta expects capital spending of $130 billion to $145 billion in 2026, while five AI hyperscalers combined are expected to spend about $1.2 trillion next year.
