Stock Market Update
12-Oct-26 09:00 ET
Global markets mostly higher
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: -87.00.
U.S. equity futures continue to drift sideways in the premarket.
Asian markets finished mixed on Monday, with lower oil prices providing some relief while elevated U.S. Treasury yields and concerns surrounding AI investment costs kept broader risk appetite in check. China's Shanghai Composite fell 0.4%, while the Shenzhen Component tumbled 2.0%, with Foxconn Industrial Internet (-7%), Zhongji Innolight (-7%), Eoptolink Technology (-6%), Luxshare Precision Industry (-3%), and Zijin Mining (-2%) among the notable decliners. Sentiment in mainland China remained pressured by concerns about exports and weak domestic consumption despite regulators proposing lower entry requirements for equity mutual funds in an effort to encourage investment. Hong Kong's Hang Seng Index gained 0.3%, supported by Beijing's market-stabilization efforts and modest gains in Tencent, AIA (+1%), MiniMax (+1%), and Meituan. Japan's Nikkei 225 was closed for the Sports Day holiday.
- In economic data:
- There was no economic data of note.
European markets extend Friday's gains on Monday, with softer oil prices and bond yields supporting sentiment as investors look ahead to the start of the U.S. earnings season and upcoming inflation data. Germany's DAX rises 0.7%, with Volkswagen (+2%) advancing ahead of an investor update and third-quarter sales figures, while investors also monitor domestic political developments following Bärbel Bas's decision to step down as Labour Minister and leader of the Social Democratic Party. France's CAC 40 gains 0.2%, with LVMH (+1%) higher ahead of its quarterly results and Hermès (+2%), Kering (+2%), Société Générale (+2%), and BNP Paribas (+1%) also advancing. London's FTSE 100 climbs 0.7%, led by gains in HSBC (+2%), Standard Chartered (+2%), Lloyds Banking Group (+1%), and NatWest (+1%), while BP and Shell lag as lower crude prices weigh on the energy sector. Oil prices remain under pressure after President Trump said Russia and Ukraine agreed to an immediate ceasefire targeting energy infrastructure, although continued tensions in the Middle East temper the improvement in risk sentiment. The broader STOXX Europe 600 rises 0.6%, while Italy's FTSE MIB (+0.7%) and Spain's IBEX 35 (+0.9%) also advance.
- In economic data:
- There was no economic data of note.
