Global Market News Summary — 28 October 2026
- The Nasdaq futures closed at 290804 up or 1.18%, while the S&P 500 rose 0.60% . The Philadelphia Semiconductor Index gained 3.60% as chips rallied for a third straight session, after Anthropic filed a Form S-1 with the SEC for a planned Nasdaq listing under the ticker “ANT.” The Fed announces its decision Wednesday at 2:00 p.m.
- The DAX futures closed at 25721 on 27 October, up 179.93 points or 0.71%. Gains were led by Infineon, Siemens Energy and Hochtief, while Mercedes-Benz, Beiersdorf and BMW were the weakest performers. Mercedes-Benz fell 3.9% after lowering its 2026 earnings outlook. BASF, Deutsche Bank and Mercedes-Benz publish quarterly results on 28 October, and Deutsche Börse introduced around-the-clock trading for DAX stocks.
- The Nikkei 225 gained 1.78% on Tuesday, with Advantest rising 8.98%. On Wednesday the index was trading near 64,000, up 1.16%, following a technology-led rebound in Tokyo. The Bank of Japan’s meeting follows the Fed’s, while the ECB is set to decide on Thursday.
- Spot gold climbed 0.9% to $4070 an ounce after falling as low as $3989 earlier in the session, supported by lower oil prices. Traders price an 82% probability of a US rate hike in December, and US PCE data is due on Thursday.
- Brent crude futures settled down $1.93, or 1.67%, at $109,77 a barrel as diplomacy involving Iran, Saudi Arabia, Turkey and Pakistan continued. Brent surged above $112,4 last week, its highest since April, after a wave of Iranian attacks on tankers around the strait. October has been the worst month for attacks on commercial shipping in the Strait of Hormuz since tracking began in 2017.
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AI Optimism Lifts Stocks Ahead of Fed Decision
- Asian Stocks Rally: Japan’s Nikkei rose 1.2%, while South Korea’s KOSPI jumped over 3%.
- AI in Focus: Alphabet and Microsoft earnings will test whether heavy AI investments can deliver sustainable growth.
- Fed Decision: Rates are expected to remain unchanged, with markets focused on the Fed’s guidance.
- Dollar Holds Firm: The Dollar Index hovered near a two-week high at 102.37.
- Oil Stays Elevated: Brent traded at $114.42, while WTI reached $100.45 per barrel.
GLOBAL MARKETS | OCTOBER 28
Fed: The rate decision is due today. Markets expect rates to remain unchanged, with a potential hike in December.
Equities: Global stocks rose, led by technology shares.
Oil: Brent slipped below $114 on hopes for diplomatic talks.
Gold: Spot gold is trading around $4,050. High oil prices are keeping inflation concerns alive.



