Shares, oil dip as US sanctions on Iran loom
Shares and oil prices declined on Monday as the United States considered imposing additional sanctions on Iran, amid a significant escalation of economic pressure on Tehran. The MSCI global equities gauge experienced a modest decline of 4.58 points, or 0.40 percent, to 1,145.23. Technology stocks suffered the heaviest losses, with the S&P 500's technology sector falling 1.6 percent.
U.S. Treasury yields dropped following a report that the Department of the Treasury might use its cash account to finance increased debt buybacks. The Canadian dollar also experienced a dip due to the looming U.S.-Canada trade war. Despite the mixed performance in the S&P 500's industry sectors, most sectors finished the trading day with gains.
Investors remain cautious, particularly in anticipation of Nvidia's quarterly financial report on Wednesday, as they await details on the AI chipmaker's performance and its ability to meet heightened expectations.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- 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
