Business Recorder•2 Nov 2026, 7:45 AM PKT
•1 min read
Asian shares were mixed on Monday as investors awaited Apple’s quarterly results, while oil prices fell amid continuing diplomatic efforts to end the US-Israeli war on Iran. Business Recorder reported that Brent crude declined 2.0% to $111.15 a barrel and US crude lost 2.3% to $101.73. The retreat came after oil had risen 13.6% in October, and followed further attacks on tankers in the Gulf.
Investors are watching Apple for earnings and possible updates on early iPhone 18 sales, with analysts expecting EPS of $2 on revenue of $113 billion. US futures gained, with the S&P 500 up 0.4% and Nasdaq futures higher by 0.8%, after the Nasdaq’s nearly 7% October decline. Elsewhere, Japan’s Nikkei slipped 0.1%, South Korea rose 0.8%, and Asia-Pacific shares excluding Japan eased 0.2%. Markets also priced a 72% probability of a quarter-point Federal Reserve rate increase in December.
At a glance
- Brent crude fell 2.0% to $111.15 a barrel.
- Analysts expect Apple EPS of $2 and revenue of $113 billion.
- Nasdaq futures rose 0.8% as Asian markets traded unevenly.
Originally reported by Business Recorder
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