{
  "id": 17730682,
  "title": "Shares steady as Apple earnings near, oil eases",
  "url": "https://urgent.news/2026/11/02/shares-steady-as-apple-earnings-near-oil-eases",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T02:36:20.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/asia-shares-bend-under-ai-stress-apple-earnings-loom-4989790"
  },
  "original_language": "en",
  "account": "Asian share markets remained relatively steady on Monday amid hopes that Apple's upcoming earnings would alleviate concerns over AI-related cash burn issues. Oil prices, meanwhile, fell as Iranian and Qatari mediators continued discussions to resolve tensions. Apple's shares have risen for four consecutive months, surpassing Nvidia as the world's most valuable company. Analysts are expecting Apple to report earnings of $2 per share on $113 billion in revenue, up from $1.85 a year ago. The company may also share early sales figures for the iPhone 18, with pre-orders beginning in mid-October. This optimism contributed to a slight increase in S&P 500 futures (0.4%) and Nasdaq futures (0.8%). However, the tech-heavy Nasdaq experienced its worst monthly decline since April 2025, losing nearly 7% in October. Intel's recent 29% drop has heightened concerns for other chipmakers, including AMD. The upcoming midterm elections in the U.S. might introduce additional political obstacles for data centers. Goldman Sachs analysts anticipate hyperscalers' capital expenditures to almost double to $800 billion this year and further increase to $1.2 trillion by 2027. While AI investment spending is expected to continue growing, the growth rate of AI capex is believed to have peaked. The market's unease was also fueled by Binance's return to operation after hackers stole billions, and a decline in MSCI's Asia-Pacific index outside Japan. In Europe, equity markets showed slight gains, but the retreat in equities last month provided a brief respite to safe-haven bonds. The Federal Reserve's interest rate decision in December remains uncertain, with a 72% probability of a quarter-point rate hike, but only 55 basis points of total tightening priced in compared to over 70 basis points a month ago. 10-year Treasury yields rose to 4.941%, while 2-year yields remained at 4.612%. Central banks meeting this week are expected to discuss potential interest rate hikes, with the Australian Reserve Bank, Bank of England, and Riksbank likely to raise rates, while Norges Bank is seen holding steady. Economic data, including the U.S. ISM manufacturing survey for October and the crucial payrolls report on Friday, will provide further insights into the economic outlook. Currency markets remained largely unaffected, with the euro slightly stronger at $1.1169 and the U.S. dollar unchanged at 157.75 yen. Oil prices declined as talks persisted to achieve an agreement ending the U.S.-Israeli war on Iran, despite ongoing attacks on tankers in the Gulf. Brent futures fell 2.0% to $111.15 a barrel, down from a 13.6% increase in October, while U.S. crude futures eased 2.3% to $101.73 a barrel. Gold, which experienced a 6.8% drop last month, rebounded 0.9% to $3,911 an ounce due to reduced margin calls on equities.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Shares steady as Apple earnings near, oil eases",
        "url": "https://urgent.news/2026/11/02/shares-steady-as-apple-earnings-near-oil-eases-17732768",
        "published": "2026-11-02T00:40:46.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Shares steady as Apple earnings near, oil eases",
        "url": "https://urgent.news/2026/11/02/shares-steady-as-apple-earnings-near-oil-eases-17730750",
        "published": "2026-11-02T02:45:43.000Z"
      }
    ]
  },
  "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."
}