Global stocks slip as US sanctions on Iran loom

GeopoliticsMacroDigital Finance
โดย Reuters·GLOBAL·Read original
Summary · why it matters

Global stocks slipped and oil prices eased on Monday as investors awaited details of threatened U.S. sanctions on Iran. U.S. Treasury Secretary Scott Bessent is due to hold a press conference later on Monday to outline sanctions on Iran, which has shown no sign of relinquishing its control over the vital Strait of Hormuz. Oil futures were down more than 1% ahead of the announcement as some oil traders took profits after big gains last week. The tech sector was on edge for Nvidia's results on Wednesday, with analysts generally looking for quarterly revenue to almost double to around $92 billion and full-year earnings guidance seen in a range of $103 billion to $105 billion. Market participants will also be hoping for clarity on the outlook for U.S. interest rates when Federal Reserve Chair Kevin Warsh speaks in Jackson Hole, Wyoming, on Friday, though his well-known aversion to forward guidance could lead to disappointment. European stocks edged 0.1% lower in early trading, following declines across Asia including tech-heavy South Korean shares, while on Wall Street S&P 500 futures fell 0.2% and Nasdaq futures were down 0.7%. The Hong Kong-listed shares of Alibaba slid around 9% after the Chinese e-commerce and cloud computing company launched a $10.2 billion share offer and investors worried about payback from its massive AI spending. In currency markets, the dollar added 0.5% against its Canadian counterpart to 1.3837 after Prime Minister Mark Carney said his country would respond to U.S. tariffs with levies of its own as trade talks broke down.

Impact on stocks 3

Artificial Intelligence▼ · 3 stocks
Alibaba Group Holding Ltd
9988
▼ NegativeCapitalrelevance

Alibaba launched a $10.2 billion share offer, diluting shares and raising concerns about AI spending.

NVIDIA Corporation
NVDA
± MixedDemandrelevance

Nvidia's upcoming results are awaited, but no specific news in this article affects it.

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