Key facts
- Global stocks advanced on Tuesday, driven by hopes for Middle East peace talks.
- Oil prices eased, holding near multi-month highs amid ongoing conflict.
- Investors are awaiting earnings from US tech giants and central bank meetings.
- The Federal Reserve is expected to hold interest rates steady on Wednesday.
- Markets are pricing in potential Fed rate hikes in December.
- The dollar index gained 0.21% to 102.23.
World stocks rose on Tuesday, with the MSCI gauge up 0.55% and the pan-European STOXX 600 index gaining 0.49%, as investors looked for signs of peace in the Middle East. Oil prices slipped in choppy trading, though remained near multi-month highs due to ongoing conflict. Investors are also anticipating earnings from major US technology companies and policy decisions from the Federal Reserve, European Central Bank, and Bank of Japan this week. The Fed is widely expected to keep interest rates unchanged on Wednesday, but traders are pricing in potential hikes in December. The dollar index edged higher, gaining 0.21% to 102.23, while US Treasury yields also rose slightly.