* Oil futures rise as Mideast peace talk outlook
uncertain
* Global stocks higher; investors try to look past oil
shock
* Earnings and central bank decisions in focus this week
(Updates pricing after European morning)
By Sophie Kiderlin and Tom Westbrook
LONDON/SINGAPORE, April 27 (Reuters) - Oil futures rose
on Monday as stalled U.S.-Iran peace talks pointed to further
disruption in Middle East energy exports, while global stocks
were higher to start a busy week of tech earnings reports and
central bank decisions.
Benchmark Brent crude futures were up just more than
1% at $106.47 a barrel, having traded around a multi-week high
of $108.50 a barrel earlier in the session.
MSCI's All-World index inched up around
0.2%, while Europe's STOXX 600 added 0.53%. In Asia,
markets in Tokyo and Seoul rose to trade around
record highs, riding a fresh wave of AI-fuelled optimism, while
Wall Street futures were broadly steady.
"It is an incredibly busy week ahead. Not only are we going
to have inevitably another round of geopolitical headlines all
over the place, we've also got five policy decisions across the
G10, we've got five of the 'magnificent 7' (tech giants)
reporting, and I think by market cap it's about 45% of the S&P
giving us results this week," said Michael Brown, senior
research strategist at Pepperstone.
While a ceasefire has frozen most fighting in the war
triggered by U.S.-Israeli strikes on Iran two months ago,
markets remain focused on the closed Strait of Hormuz, crossed
by barely any ships carrying cargoes of oil and gas.
The outlook for peace talks remained uncertain.
U.S. President Donald Trump called off a trip by his envoys
over the weekend and said Iran should phone when it wanted a
deal, while Iran's foreign minister arrived in Russia on Monday
to meet longstanding ally President Vladimir Putin.
Work has not halted to bridge gaps between the United States
and Iran, sources from mediator Pakistan said.
Goldman Sachs analysts lifted year-end Brent oil price
forecasts to $90 a barrel, from $80, basing the expectation of
an end-June return to normal for Gulf exports.
"Non-linear price increases are likely if inventories drop
to critically low levels, which we have not seen in the last few
decades," they warned in a note.
INTEREST RATES AND TECH EARNINGS
Equity investors tried to look past the oil shock, with
renewed attention on the tech sector and the artificial
intelligence trend that some view as unstoppable.
"AI is something that people are very optimistic about and
very much considered a winner," said Mike Seidenberg, senior
portfolio manager for Allianz Technology Trust ( ALNZF ).
"It's the top of the portfolio."
Intel's ( INTC ) forecast last week for second-quarter
revenue exceeding Wall Street expectations set off the latest
round of buying, pushing the total value of the chipmaker-heavy
stock markets in Taiwan and South Korea above that of Germany.
Capital expenditure plans will be in focus for firms such as
Microsoft ( MSFT ), Alphabet, Amazon ( AMZN ) and Meta
Platforms ( META ), set to report on Wednesday, while Apple ( AAPL )
will report a day later.
Major central banks are expected to keep policy on hold this
week, including the U.S. Federal Reserve - at what will likely
be its last meeting with Jerome Powell in the chair.
The European Central Bank and Bank of England are also set
to keep policy unchanged, but their tone and outlook could
challenge market pricing for rate hikes later this year.
The first central bank to meet, however, will be the Bank of
Japan, which is expected on Tuesday to keep its short-term
policy rate steady at 0.75%.
In currencies, the dollar nudged slightly lower on Monday,
with the euro at $1.1740 and the Japanese yen pinned just
below the crucial 160 level.