European stocks and US futures edged higher on Monday as increased energy supplies pushed oil prices down, easing inflation concerns ahead of a key earnings season for the AI sector. Brent crude fell 1.4% to near four-month lows at $71.10 a barrel after OPEC+ agreed to raise output targets by 188,000 barrels per day from August. Europe's STOXX 600 rose 0.2% and S&P 500 futures climbed 0.5%, building on last week's gains. Investors are watching for AI-related earnings, with Samsung Electronics expected to report an 18-fold profit increase on Tuesday. The dollar index ticked up 0.1% to 101.04, while the dollar firmed 0.5% to 162.23 yen, near 40-year peaks.
Samsung Electronics Co LtdAI sector earnings optimism ahead of Samsung's expected 18-fold profit increase
HSBC Holdings PLC