Global Markets React to AI Spending Concerns, Oil Easing, and November 2 Apple Earnings

Oil eased roughly 3% to around $110 a barrel for Brent amid diplomatic talks and prospects for reopening the Strait of Hormuz. A market watcher pointed to Apple and Palantir earnings after last week's tech sell-off. They said the November 3 US midterms and any further strikes or retaliation could add to volatility, while the November 6 US jobs report would be crucial for expectations of the Fed's December decision.