Brent crude futures settled at $105.92 a barrel, down $0.14, or 0.13%.

UBS expects the Fed to deliver a third rate hike in March 2027; it had previously forecast the hiking cycle would end in December.

Apple plans to launch Apple Intelligence in China in December through an iOS 27.3 update, initially bringing AI features first released in the US two years ago to iPhone, iPad and Mac; the rollout will not include this year’s new Siri AI assistant. Apple will use a two-partner approach in China: Alibaba will supply model capabilities integrated into Apple Intelligence for text and image understanding and content generation across iOS, iPadOS, macOS and visionOS for Chinese users, while Baidu will provide software services embedded in Siri voice assistant functions and Visual Intelligence.