World stocks gain ahead of 'formidable' week for risk; oil prices ease
SPY•Global shares rose 0.45% as investors looked ahead to central bank meetings and major technology earnings. Brent crude fell 0.64% to $116.01 a barrel, while markets priced an 80% chance of a Federal Reserve rate hike in December.
1. Stocks advance
Global shares rose on Monday as investors focused on central bank meetings and corporate earnings due this week. The Dow gained 0.22%, the S&P 500 rose 0.76% and the Nasdaq climbed 1.02%.
2. Earnings and rate decisions
Alphabet, Microsoft and Amazon are among the companies scheduled to report earnings, with one-third of S&P 500 companies expected to report. Markets expect the Federal Reserve to hold rates steady, but price an 80% chance of a hike in December. A US core inflation reading is forecast to show prices rose 3.1% in September.
3. Oil and bonds
Brent crude fell 0.64% to $116.01 a barrel, retreating after Friday's gains. The yield on benchmark US 10-year notes edged down 0.58 basis points to 4.982%.
