Global Stocks Rebound on Strong US Manufacturing & Oil Price Drop

Global equities are rallying, reversing Friday's tech rout, fueled by positive US manufacturing data and a sharp decline in oil prices.

• US Manufacturing PMI rose to 55.5 in October, exceeding expectations of 54.5, signaling solid domestic demand [1].
• Brent Crude fell 6.5% to ~$106 amid Iranian negotiation developments [1].
• Major Indices are up: Nasdaq +1.2%, S&P 500 +1%, MSCI World +0.5%, Europe's STOXX 600 +0.3% [1].

Investors are also looking ahead to key central bank decisions (Fed, ECB), Apple earnings, and US midterm elections this week [1].