{
  "id": 3504381,
  "title": "World stocks inch up as oil drops on Hormuz hopes ahead of data, Nvidia results",
  "url": "https://urgent.news/2026/08/26/world-stocks-inch-up-as-oil-drops-on-hormuz-hopes-ahead-of-data-3504381",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T11:45:33.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/world-stocks-inch-up-oil-drops-hormuz-hopes-ahead-data-nvidia-results-6341406"
  },
  "original_language": "en",
  "account": "Global stocks experienced a slight increase on Wednesday, with oil prices falling on hopes that the critical Strait of Hormuz might reopen soon. Iran and Oman had discussed a temporary navigational corridor through the Strait, and agreed to clear it of mines, which renewed expectations for a resolution in the ongoing six-month conflict. This development had a positive impact on oil prices, with Brent crude futures falling for the third consecutive day, decreasing nearly 3% to $85.95 per barrel due to the possibility of increased supply through the Strait, which handles about a fifth of the world's traded oil.\n\nThe yield on 2-year German bonds dropped to a one-week low of 2.771%, and the yield on U.S. bonds remained steady at 4.195%, after a 4-basis point decrease on Tuesday. Fiona Cincotta, a senior markets analyst at City Index, mentioned that while oil prices have moved away from their recent surge, there is optimism that they could cool further. However, investors are eagerly awaiting U.S. inflation data and Nvidia's earnings report, as these pieces of information will help gauge the Federal Reserve's monetary policy trajectory for the remainder of the year.\n\nThe MSCI's world stocks index saw a 0.1% increase, with Europe's STOXX 600 benchmark reaching its highest level in over a week. U.S. markets are now waiting for the Personal Consumption Expenditures Price Index, due at 12:30 GMT, which could provide insight into the Federal Reserve's future monetary policy decisions. Although the odds for at least a 25-basis-point interest rate increase in September have decreased to 36% from around 67% earlier this month, Cincotta believes that rates are still expected to rise by year-end, given the volatility in oil prices and the Federal Reserve's internal divisions.\n\nNvidia, a prominent player in the AI industry, is set to report its second-quarter earnings after U.S. markets close, with analysts focusing on whether the recent AI spending boom can lead to sustainable profits and satisfy market expectations. The stock has gained 14% this year, on track for its smallest annual increase in four years. Nvidia's shares were up 0.3% in pre-market trading, alongside competitors Advanced Micro Devices and Broadcom. Options data suggests a smaller price movement in Nvidia's shares following earnings, indicating that the company's results are becoming more predictable.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "WTI Oil drops below $80 amid hopes of Hormuz reopening, US-Iran de-escalation",
        "url": "https://urgent.news/2026/08/26/wti-oil-drops-below-80-amid-hopes-of-hormuz-reopening-us-iran-de",
        "published": "2026-08-26T09:57:06.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "World stocks inch up as oil drops on Hormuz hopes ahead of data, Nvidia results",
        "url": "https://urgent.news/2026/08/26/world-stocks-inch-up-as-oil-drops-on-hormuz-hopes-ahead-of-data-3501317",
        "published": "2026-08-26T11:45:33.000Z"
      },
      {
        "outlet": "Yahoo Finance",
        "title": "World stocks inch up as oil drops on Hormuz hopes ahead of data, Nvidia results",
        "url": "https://urgent.news/2026/08/26/world-stocks-inch-up-as-oil-drops-on-hormuz-hopes-ahead-of-data",
        "published": "2026-08-26T11:45:33.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "World stocks inch up as oil drops on Hormuz hopes",
        "url": "https://urgent.news/2026/08/26/world-stocks-inch-up-as-oil-drops-on-hormuz-hopes",
        "published": "2026-08-26T12:53:44.000Z"
      }
    ]
  },
  "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."
}