World stocks gain ahead of 'formidable' week for risk; oil prices fall
SPY•Global shares rose 0.38% as investors awaited central bank meetings and major technology earnings; Brent crude fell 0.78% to $115.81 a barrel. Markets priced an 80% chance of a Federal Reserve rate hike in December.
1. Stocks advance
Global shares advanced on Monday as investors looked ahead to central bank meetings and a week of corporate earnings that will test confidence in the AI boom. The S&P 500 rose 0.7%, the Nasdaq gained 0.83% and the Dow added 0.28%.
2. Oil retreats
Brent crude settled down 0.78% at $115.81 a barrel, while U.S. crude fell 1.46% to $101.76. Prices retreated after Friday's gains but remained near recent highs as attacks on Saudi Arabia kept traders wary.
3. Investors watch catalysts
Earnings from Alphabet, Microsoft and Amazon were due, alongside meetings of five major central banks. Markets expected the Fed to hold rates steady, while pricing an 80% chance of a rate hike in December; U.S. core inflation was forecast at 3.1% in September.
