17:00 · 26 October 2026

Oil, Nasdaq 100 & Gold: What’s Moving the Markets This Week?

 

From oil and gold to the US100, interest rates and Big Tech earnings, discover the key events to watch and what they could mean for the markets this week.

A big week for global markets is underway!

With oil prices reacting to geopolitical tensions, US technology stocks facing a major earnings test and gold responding to changing interest rate expectations, investors have plenty to watch this week.

Here's a look at three key markets in focus.

OIL: Geopolitical tensions drive volatility

Oil prices have pulled back by around 2% today after Brent gained more than 6% last week, as reports of diplomatic efforts to ease US-Iran tensions offered some relief.

However, ongoing supply disruptions continue to create uncertainty. Could oil prices rebound, and what might this mean for global inflation?

US100: Big Tech earnings take centre stage

It's a crucial week for the Nasdaq 100, with Microsoft, Alphabet and Amazon preparing to release quarterly results.

Investors will be watching AI spending, cloud growth and profitability closely. With questions emerging about the cost of AI investment, could these earnings determine the next direction for US technology stocks?

GOLD: Can prices hold above $4,000?

Gold has recovered above $4,000 per ounce after a difficult week that saw the precious metal lose approximately 4%.

With the Federal Reserve announcing its interest rate decision on Wednesday, investors will be watching the US dollar, Treasury yields and inflation expectations for clues about gold's next move.

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26 October 2026, 17:55

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