26/10/2026 – Daily Reports
Oil Falls From Six-Month Highs as Hopes for Middle East De-escalation Rise
- Oil Prices Retreat: WTI crude fell toward $101 per barrel, while Brent dropped to around $114.50 after last week’s sharp rally.
- Diplomatic Efforts Raise Hopes: Qatari mediators traveled to Tehran to help de-escalate regional tensions in coordination with the United States.
- Saudi Arabia Remains at Risk: Houthi attacks on Saudi infrastructure and continued missile and drone interceptions highlight persistent threats to regional energy supplies.
- Strait of Hormuz in Focus: Disruptions to shipping through the Strait of Hormuz and Bab el-Mandeb continue to threaten global oil flows.
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GLOBAL MARKETS | OCTOBER 26
Fed: Markets expect rates to remain unchanged on October 28.
Oil: Brent eased to around $114 amid diplomatic efforts.
Gold: Gold is recovering near $4,010 after a sharp decline.
Dollar: The dollar index stands near 101.64 as Treasury yields ease.
Global Market News Summary — 26 October 2026
- The Nasdaq Composite closed Friday 0.21% lower, its second straight weekly loss. This followed Thursday’s session, in which the index lost 2.6%, its worst day since June, over doubts about how the AI buildout will be funded. SpaceX, Tesla and Meta beat earnings estimates, but investors focused on AI revenue and spending; Meta raised the low end of its capex plans by $5 billion. US futures edged higher on Monday, with the Fed policy meeting due this week.
- The DAX fell 190 points, or 0.75%, on Friday, led lower by MTU Aero Engines, Deutsche Telekom and Siemens Energy. The index touched its lowest since October 9 amid rising oil prices and concerns over demonstrations scheduled in France and Italy. German private-sector growth eased in October, and BASF was reported to have raised its offer for Evonik.
- The Nikkei 225 closed 0.78% lower on Monday at a new one-month low, its third straight decline, as selling in semiconductor and AI-related shares continued while energy companies gained on higher oil prices. Advantest fell 3.9% and Tokyo Electron lost 3.7%; the Bank of Japan is due to announce its rate decision later this week.
- Gold hovered near three-month lows around $4,030 on Friday, down about 3% for the week, as rising oil prices fuelled expectations of higher-for-longer US rates. Spot gold traded at about $4,010 an ounce early Monday.
- Brent futures rose 3.1% on Friday to settle at $112.42, its highest since June 2022. On Monday, Brent fell $2.21 to $109,2 amid hopes of easing US-Iran hostilities, as Qatari mediators arrived in Tehran, though persistent attacks on Saudi Arabia kept investors cautious. Trump said on Sunday the US would not strike Iran that day.
