European stocks and U.S. futures edged higher as falling oil prices offered relief from inflation. OPEC+ agreed to boost output targets, leading to a drop in Brent crude prices. Investors are anticipating the AI sector's earnings season.
2 storiesEquities & FundsS&P 500 (US large-cap index)FTSE 100 & FTSE 250 (UK equities)DAX (Germany)
Stocks rise, oil falls on supply news; AI earnings eyed
IN SHORT
European stocks and U.S. futures edged higher as falling oil prices offered relief from inflation. OPEC+ agreed to boost output targets, leading to a drop in Brent crude prices. Investors are anticipating the AI sector's earnings season.
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Frequently asked questions
Oil prices fell after OPEC+ announced that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August.
European stocks and U.S. futures edged higher, while Asian markets were mixed with some indices declining.
Investors are anticipating the earnings season for the artificial intelligence sector.
The U.S. dollar rose against the Japanese yen and slightly against the euro.
What Happens Next
01Investors await earnings reports from AI-related companies.
02U.S. ISM Services survey data is scheduled for release.
03Federal Reserve Governor Christopher Waller and ECB President Christine Lagarde are scheduled to speak.
04Minutes from the Federal Reserve's latest meeting will be released on Wednesday.