{"id":441022,"date":"2026-10-28T21:00:14","date_gmt":"2026-10-28T14:00:14","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-session-wrap-stocks-tread-cautiously-as-fed-decision-and-big-tech-earnings-loom-441022\/"},"modified":"2026-10-28T21:00:14","modified_gmt":"2026-10-28T14:00:14","slug":"investinglive-european-session-wrap-stocks-tread-cautiously-as-fed-decision-and-big-tech-earnings-loom","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-session-wrap-stocks-tread-cautiously-as-fed-decision-and-big-tech-earnings-loom-441022\/","title":{"rendered":"investingLive European session wrap: Stocks tread cautiously as Fed decision and big tech earnings loom"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/crude-oil-remains-under-pressure-amid-us-iran-deal-hopes-setbacks-could-push-prices-to-new-highs\" rel=\"follow\">Crude oil remains under pressure amid US-Iran deal hopes; setbacks could push prices to new highs<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/qatari-mediators-presented-iran-with-new-draft-deal-iran-s-response-expected-by-the-end-of-the-week\" rel=\"follow\">Qatari mediators presented Iran with new draft deal; Iran&#8217;s response expected by the end of the week<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-rebounds-on-renewed-hopes-for-us-iran-deal-as-focus-shifts-to-fomc-decision\" rel=\"follow\">Gold rebounds on renewed hopes for US-Iran deal as focus shifts to FOMC decision<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/wall-street-faces-a-double-test-as-fed-decision-and-microsoft-alphabet-earnings-loom\" rel=\"follow\">Wall Street faces a double test as Fed decision and Microsoft, Alphabet earnings loom<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/heads-up-uk-autumn-budget-puts-healey-to-the-test-as-gilt-markets-await-fiscal-reassurance\" rel=\"follow\">Heads up: UK autumn budget puts Healey to the test as gilt markets await fiscal reassurance<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-consumer-sentiment-remains-weak-ahead-of-november-as-inflation-fears-cloud-recovery-outlook\" rel=\"follow\">Germany consumer sentiment remains weak ahead of November as inflation fears cloud recovery outlook<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-s-trade-struggles-with-china-set-to-put-asia-pacific-deficit-on-course-for-record-high\" rel=\"follow\">Germany&#8217;s trade struggles with China set to put Asia-Pacific deficit on course for record high<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>AUD leads, NZD lags on the day<\/li>\n<li>10-year Treasury yields up 2.5 bps to 5.017%<\/li>\n<li>Gold down 0.3% to $4,045<\/li>\n<li>WTI crude oil up 1.9% to $101.78<\/li>\n<li>European equities little changed; S&amp;P 500 futures +0.1%<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It was a steadier session after the hustle and bustle in Asia trading, as markets are taking a bit of a breather awaiting the bigger events to come this week.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Earlier in the day, we saw hotter-than-expected Australia inflation data and the RBNZ surprising with a decision to hold the overnight cash rate at 2.75% in a narrow 4-3 vote. But after the big moves then, there wasn&#8217;t much follow up in European morning trade as traders are preparing for the Fed decision and big tech earnings later in the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The dollar was much steadier on the session, with EUR\/USD up just 0.1% to 1.1130 and keeping within an 18 pips range. Meanwhile, USD\/JPY is flat at 157.90 on the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Oil prices continue to hold firmer after reports of a Houthi attack on a major Saudi refinery, as well as the US warning that there might be a brief escalation to the war with Iran after the midterm elections. WTI crude is up nearly 2% to $101.78.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Besides that, broader risk sentiment was much calmer even as 10-year Treasury yields nudged a little higher to above 5% again. European stocks are more tepid with lights changes seen across the board while US futures are holding just a touch higher as tech shares look to build on the gains from yesterday. Big tech earnings will be in focus today though with Meta and Alphabet both set to report earnings, but only after the closing bell.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Elsewhere, gold is also looking more tentative as traders continue to sit on edge with price just above the $4,000 mark. The precious metal is down slightly today to $4,045 but all eyes will be on what happens with the bond market after the Fed decision as well as the broader risk mood to see if gold has appetite to chase a downside break below the figure level.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Coming up, we will have the UK autumn budget announcement shortly and that will be a focus for the pound and gilts. And after that, traders will have the BOC decision to weigh up first before we get to the Fed decision later in the day and then big tech earnings to round things off.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">There&#8217;s still plenty to play for, so don&#8217;t expect this calmer mood in markets to persist as the key risk events above are likely to inject volatility into trading conditions &#8211; not to mention alongside month-end flows in the coming days.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Crude oil remains under pressure amid US-Iran deal hopes; setbacks could push prices to new highs Qatari mediators presented Iran with new draft deal; Iran&#8217;s response expected by the end of&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441022","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441022"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441022\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}