European stocks kept falling as surging oil prices fed inflation fears and the prospect of interest rates staying higher for longer, with the FTSE 100 down 0.67% to 10,680.61, France's CAC 40 down 1.59% and Germany's DAX down 1.13% at midday. Brent crude rose 2.2% to about $111 on escalating Middle East tensions, while disappointing reactions to Tesla and Meta results renewed doubts about returns on heavy AI spending, pushing Nasdaq futures down over 1%. Barclays reported a 12% rise in quarterly profit to £2.3 billion but plans to cut about 5,000 jobs, or 5% of its workforce, under a cost programme using AI and automation. Meta's plan to issue non-voting shares and a $25 billion penalty from a New Mexico court over data privacy violations could also weigh on its shares. Separately, the Bank of England allotted a record £143.083 billion in seven-day repo operations, as it increasingly uses short-term repo to provide banks with reserves.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on proactiveinvestors.com ↗
Keywords
Europeoil pricesinterest ratesWall Street
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.20 |
| Change that session | +1.05% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.09 |
| Change that session | +0.53% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.97 |
| Change that session | +2.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- AI stocks lead a rebound on Wall Street as European markets drop following protests - Boston News, Weather, Sports
U.S. stocks were mixed on Monday, with AI stocks rebounding as the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, while most non-AI stocks fell and the Dow finished down 36 points, or 0.1%. European indexes slid more than 1% after violent protests in France that could push the government to increase spending and add pressure on bond markets. The 10-year Treasury yield rose to 5.14% from 5.09%, after topping 5.30% earlier this month, and Brent crude settled at $109.55, down 0.3%. Nvidia added 1.4%, SpaceX rose 1.3% to $147.96, and Cleveland-Cliffs jumped 16.3% on a bigger-than-expected quarterly profit, while CoreWeave swung sharply and closed down 0.4%.
- Premarket : France concerns weigh on Europe , while Wall Street looks to AI earnings
European stocks and the euro fell on Monday as unrest in France added to concerns over the country's fiscal outlook, with the STOXX 600 down 0.7% and the CAC 40 off more than 1%. The euro slipped 0.3% to US$1.1203, close to its 16-month low of US$1.1113. Wall Street futures rebounded after a tech-led selloff that saw the Philadelphia Semiconductor Index tumble 11.4%, with Meta, Lam Research, Texas Instruments and Tesla due to report on Wednesday. Brent fell 1.8% to US$104 a barrel after hitting its highest level in months on Friday, and earlier oil weakness followed Trump's decision to waive some Russia sanctions. Meanwhile, France's 10-year yield rose 7.3 bps to 4.857%, while gold gained 0.3% to US$4,183 an ounce and bitcoin rose above US$82,000.
- World shares are mostly higher after US stocks rally on strong earnings
World shares were mostly higher on Wednesday after a broad Wall Street rally. Germany's DAX rose 0.5% to 25,423.64 and Britain's FTSE 100 gained 0.1% to 10,743.65. In Asia, Seoul's Kospi jumped 3.3% and Tokyo's Nikkei 225 rose 0.9% after Japan's exports climbed 16.7% in September from a year earlier, while Hong Kong's Hang Seng and the Shanghai Composite fell. On Tuesday, the S&P 500 added 0.3% and the Dow rose 1%, helped by Equifax (up 11.3%) and Hasbro (up 11.2%), while General Motors sank 6.8% despite a bigger profit and a plan to buy back up to $20 billion of stock. Brent crude climbed 1.1% to $109.95 a barrel early Wednesday, while worries over AI stocks and high interest rates continued to weigh on markets.
- AI stocks lead a rebound on Wall Street as European markets drop following protests
- AI stocks lead a rebound on Wall Street as European markets drop following protests
- Tech Stocks Power S&P 500 and NASDAQ Higher
Global equities closed mixed on Monday, as a strong tech-driven rally on Wall Street contrasted with broad declines in Europe and uneven moves in Asia-Pacific. The S&P 500 rose 31.29 points, or 0.41%, to 7,690.73, and the Nasdaq Composite surged 290.85 points, or 1.11%, to 26,430.89, while the Dow Jones Industrial Average slipped 36.38 points, or 0.07%, to 51,966.03. In Europe, the FTSE 100 fell 1.08% to 10,764.69, the DAX dropped 1.18% to 25,319.77, and the CAC 40 lost 1.11% to 7,868.05. In Asia, the Hang Seng gained 0.52% to 24,186.83, and the Kospi jumped 1.76% to 5,768.01.
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.