Global stocks hold steady as oil rises and earnings loom

Global equities edged lower while oil prices climbed amid escalating Middle East tensions and rising energy costs. Investors remained cautious ahead of upcoming US inflation data and the third-quarter earnings season.

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Chart of German share price DAX at the stock exchange in Frankfurt, Germany, October 9, 2026. REUTERS/Staff

Global equities slipped slightly on Monday morning while the dollar advanced and oil prices climbed as geopolitical tensions overshadowed supply relief. The modest retreat follows recent peaks in Treasury yields across the United States. Investors are positioning themselves cautiously ahead of crucial domestic inflation data and the upcoming third-quarter corporate earnings cycle.

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