Shares, oil dip as US sanctions on Iran loom
On Monday, MSCI's global equities gauge experienced a decline as technology stocks underperformed and were offset by a drop in U.S. Treasury yields and falling oil prices. Oil prices dropped more than $2 per barrel as traders disregarded a U.S. Treasury Secretary announcement of expanded secondary sanctions on entities and countries engaging in business with Iran.
This increased economic pressure on Tehran, which began nearly six months ago. Longer-term U.S. Treasury yields fell following a report that the Treasury Department might utilize its cash account to fund increased debt buybacks. In currencies, the Canadian dollar fell due to looming U.S. trade tensions. The S&P 500's industry sectors finished the day with gains, except for technology, which led losses with a 1.6% decrease.
Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Indian shares fall as investors await details on Iran sanctions brecorder.com
- More US pressure is coming, but what sanctions does Iran already face? thenationalnews.com
- U.S. to unveil "economic D-Day" sanctions on Iran cbsnews.com
- Shares, oil dip as US sanctions on Iran loom finance.yahoo.com
- Shares, oil dip as US sanctions on Iran loom channelnewsasia.com
