Futures edge up as oil eases and earnings season nears

First Light · Monday, October 12, 2026 · 6:15 AM ET

Stock futures pointed modestly higher early Monday after a choppy Asian session, as oil prices eased and traders turned to the start of bank earnings and this week's inflation data (Reuters, MarketScreener).

What moved

CNBC had S&P 500 futures up 0.33%, Nasdaq 100 futures up 0.45% and Dow futures up 0.35% early Monday. Reuters also had US futures up about 0.3%, and Europe's STOXX 600 was up 0.6% at 0742 GMT, helped by automakers after China and the European Union reached agreements on hybrid vehicle exports, Reuters reported. MarketScreener also said European stock futures rose while Asian benchmarks were mixed. Japan was closed for a holiday and the US Treasury market is shut for Columbus Day, so trading was thin (Reuters). US stocks are open. See our week-ahead story for the full calendar.

In Asia, South Korea's market fell sharply. We cover that in a separate story: Seoul stocks fall 3.65% as chip shares are sold.

What is coming

JPMorgan and Goldman Sachs report on Tuesday and Bank of America on Wednesday. ASML reports Wednesday and TSMC on Thursday (Reuters). Reuters, citing LSEG IBES, says S&P 500 third-quarter earnings are expected to jump more than 30%, though most of that comes from technology.

The week's main economic report is Wednesday's consumer price index. Reuters says energy costs are expected to lift the headline reading by 0.6% on the month to 3.7% a year, with core inflation seen cooler at 0.2% and 2.5%. These are forecasts, not official figures.

Rates and the dollar

Reuters says markets imply only an 18% chance of a Federal Reserve rate rise this month, rising to an 85% chance of a hike by December. Treasury yields hit 24-year highs earlier this month, Reuters said; see our story on yields. The dollar index held near 17-month highs at 102.21 and gold rose 0.1% to $4,198 an ounce (Reuters).

Educational information only. Not personal investment advice.