Latest / MPC Markets Morning Call
Stocks Weighted Down by Oil Massive Week Ahead
Stocks were weighed down Friday night by oil pushing toward 2026 highs (highest Brent/WTI settlement since late April), not by chips. Energy names rallied while the broader market stayed soft. Chips bounced and cybersecurity stocks lifted on the WordPress/PHP vulnerability.
This week brings Australian CPI, hyperscaler earnings (Google, Microsoft, Apple, Amazon), US Q3 GDP and core PCE, Fed/ECB/BoJ meetings, the UK budget, Israel elections and US midterms. With that many moving parts, the next couple of days are not the time to pile on risk.
China stays in bear-market territory. Gold, silver…
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