Brent crude rose more than 3% to $116.72 a barrel, its highest since late April, as the Middle East conflict continued, while WTI gained 3.8% to $103.27. US stocks mostly fell, with the Dow down 1.2% and the Nasdaq 0.2% lower, and European markets mostly dropped after weak earnings from Kering and Volvo Cars. Kering shed more than 16% after its results failed to reassure investors about a turnaround at Gucci. Volvo Cars plunged more than 24% after reporting a third-quarter loss due to US tariffs and competition from local brands in China, and announced a 5-billion-kronor savings plan expected to lead to about 2,000 job cuts in Sweden and 500 globally. Next week, attention turns to Fed and ECB interest-rate meetings and an update on US economic growth data.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on thejakartapost.com ↗
Keywords
oil pricesgeopoliticstariffsearningsDow Jones
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
PLX
▼ Likely negativePetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 45,551 bn VND |
| P/E | 14.2 |
| P/B | 1.87 |
| Close on 10/23/2026 | 35.45 |
| Change that session | -1.12% |
PVD
▲ Likely positivePetroVietNam
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 17,534 bn VND |
| P/E | 15.8 |
| P/B | 1.01 |
| Close on 10/23/2026 | 18.70 |
| Change that session | -1.06% |
PVT
▲ Likely positivePVTrans
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Industrial Goods & Services |
| Industry | Marine Transportation |
| Market cap | 12,199 bn VND |
| P/E | 8.5 |
| P/B | 1.29 |
| Close on 10/23/2026 | 23.70 |
| Change that session | +0.42% |
GAS
• NeutralPetroVietnam Gas
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Gas Distribution |
| Market cap | 188,451 bn VND |
| P/E | 14.8 |
| P/B | 2.74 |
| Close on 10/23/2026 | 78.30 |
| Change that session | +0.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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