{
  "id": 13926422,
  "title": "Shares supported as oil retreats, focus turns to US CPI, earnings",
  "url": "https://urgent.news/2026/10/12/shares-supported-as-oil-retreats-focus-turns-to-us-cpi-earnings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T09:16:19.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/12/shares-supported-as-oil-retreats-focus-turns-to-us-cpi-earnings"
  },
  "original_language": "en",
  "account": "European equities and US futures gained ground on Monday, after Asian markets experienced volatility, as oil prices fell. Investors were focused on upcoming US inflation data and the start of earnings season. Oil prices dipped, despite strikes on shipping and airports in the Gulf, following US President Donald Trump's announcement of an energy-related ceasefire between Ukraine and Russia, and a proposal for Moscow to increase diesel exports. However, the plan's specifics were unclear and faced political opposition in Washington. Brent LCOc1 started higher in Asia, then dropped, ending down 0.3% at $104.37 a barrel, below a recent high of $109.97. US crude futures CLc1 fell 0.6% to $91.33. Deutsche Bank strategist Jim Reid said oil's outlook remained uncertain, cautioning that attacks on Riyadh and fighting around Bab el-Mandeb posed upside risks for oil and shipping costs, alongside ongoing disruption in the Strait of Hormuz. Lower crude prices bolstered sentiment in Europe, where the STOXX 600 index rose 0.6% at 07:42 GMT, helped by gains from automakers due to China and EU agreements on hybrid vehicle exports. MSCI's Asia-Pacific index outside Japan declined 0.5%, while Chinese blue chips fell 0.7%. On Wall Street, S&P 500 ESc1 and Nasdaq futures NQc1 rose about 0.3%. Trading activity was light, as Japan was on holiday and the US Treasury market was closed for Columbus Day, with major US banks reporting earnings on Tuesday and Wednesday. TSMC, the world's leading manufacturer of advanced AI chips, was expected to disclose record earnings for a sixth straight quarter on Thursday. ASML, a chip-equipment maker, would report on Wednesday. The S&P 500's earnings were forecast to rise more than 30% in Q3, according to LSEG IBES, with the majority coming from the tech sector. STOXX earnings were predicted to increase 21%, or 9.7% excluding energy. Treasury yields hit 24-year highs this month due to higher energy costs fueling worries that inflation might remain elevated, keeping policymakers cautious and pressuring equity valuations. On Monday, European Bund yields edged down, while French and Italian debt risk premiums fell slightly. Market participants anticipate a sharp increase in headline inflation, which could squeeze purchasing power, while core inflation would remain firm, keeping central banks focused on near-term interest rate hikes. The market faced additional challenges from US data on consumer and producer prices, and retail sales.",
  "summary": "The market faces fresh challenges this week from US data on consumer and producer prices and retail sales, says an analyst.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Shares supported as oil retreats, focus turns to US CPI, earnings",
        "url": "https://urgent.news/2026/10/12/shares-supported-as-oil-retreats-focus-turns-to-us-cpi-earnings-13928065",
        "published": "2026-10-12T09:16:19.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}