Shares steady ahead of Apple results as oil eases on Iran talks
Reuters reports Asian markets steadied before Apple earnings, Brent fell 2% on Iran mediation talks, and bets on a Fed rate hike in December remain strong.
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what happened
Asian stock markets steadied on Monday ahead of Apple's earnings report due later the same day. According to Reuters, investors hope the results will ease worries about heavy AI spending and negative cash flow. Analysts expect earnings per share of $2 on revenue of $113 billion.
Oil prices slipped as Iranian and Qatari mediators kept talking. Brent fell 2% to $111.15 a barrel, though it had jumped 13.6% in October. S&P 500 futures rose 0.4% and Nasdaq futures gained 0.8%.
Yields on 10-year US Treasuries edged up to 4.941%. Futures markets put the chance of a quarter-point Fed rate increase in December at 72%.
why it matters
October's equity slump gave safe-haven bonds some relief, but expectations for tighter monetary policy remain the main driver. If the stock selloff deepens, the Fed could rethink its plans, which makes Friday's jobs report a key marker. Gold, meanwhile, bounced 0.9% to $3,911 an ounce.
market impact
Oil: Iran talks weigh on Brent; US stocks get support from the Apple report and AI-spending optimism.
- Brent pressure down — hopes for an Iran deal reduce the geopolitical risk premium
- US stocks pressure up — hopes for a strong Apple report support the tech sector
- Gold pressure up — a rebound after October's drop as some safe-haven demand returns
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sources
- Shares steady as Apple earnings near, oil eases — Reuters, 2 November 2026 at 02:33 UTC
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