Global stock markets rally as AI demand boosts technology shares and oil prices decline
According to CNA Business, global stocks rose on Monday as evidence of booming AI demand lifted tech shares, and oil fell on reports that more supply was leaving the Gulf than previously thought. The rally came as bond markets recovered from a week of selling and investors mulled central bank policy ahead of potential rate moves.
Key facts
- 01MSCI All-World index rose 0.4 percent, with European shares up 1.2 percent.
- 02Nasdaq futures rose 1.1 percent as chipmakers gained: Intel up 5.2 percent, AMD up 2.4 percent, and Super Micro Computer up 3 percent in premarket trading.
- 03Brent crude fell to $101.2 a barrel.
- 04Saudi exports recovered to just over 4 million barrels per day in September.
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- Stocks gain on AI optimism; lower oil helps bonds · CNA Business