BANGKOK (AP) — Shares were mostly higher Tuesday in Europe and Asia after U.S. stocks drifted to a mixed finish ahead of potentially market-moving events later in the week.
Oil prices fell back after U.S. Treasury Secretary Scott Bessent announced fresh sanctions against Iran and warned that countries persisting in doing business with the Islamic Republic would face retaliation.
Germany’s DAX gained 0.5% to 26,240.76 and the CAC 40 in Paris added 0.3% to 8,480.52. Britain’s FTSE 100 edged 0.1% higher, to 10,869.93.
The future for the S&P 500 was up 0.3% while that for the Dow Jones Industrial Average rose 0.2%.
During Asian trading, Tokyo’s Nikkei 225 gained 0.5% to 65,856.43. Shares in technology investor SoftBank Group climbed 2.3%.
The Kospi in South Korea reversed early losses, gaining 0.7% to 6,742.74 as traders resumed buying tech shares, snapping up bargains.
Hong Kong’s Hang Seng was nearly unchanged at 25,511.10, while the Shanghai Composite index picked up 0.2% to 3,889.44.
In Australia, the S&P/ASX 200 gained 0.7% to 9,164.60.
Taiwan’s Taiex jumped 0.9%, while the Sensex in India lost 0.2%.
On Monday, areas of the bond market that the U.S. Treasury Department has been trying to calm eased a bit, relieving pressure on stocks.
The S&P 500 slipped 0.3%, while the Dow industrials added 0.3%. The Nasdaq composite fell 0.8%.
Tech stocks led the decline. They’ve had big swings recently due to worries that the frenzy around artificial-intelligence technology has sent prices too high and huge demand for AI chips will falter if AI doesn’t yield enough profits.
Chip giant Nvidia, a tremendous winner of the AI boom, lost 2.9% on Monday. It will deliver its quarterly earnings report on Wednesday and that could dictate the next big move for AI-related stocks. Micron Technology lost 5.8% and Broadcom fell 2.6%.
In the bond market, the yield of the 10-year Treasury eased to 4.69% from 4.74% late Friday, returning to where it was last week before the U.S. Treasury Department announced a surprise move to increase the size of its planned buybacks of Treasurys.
Longer-term Treasury yields climbed through the summer on worries about high inflation, huge government debts and other factors. High yields make it more expensive for everyone to borrow, not just the government, and already have pushed up mortgage rates and hurt the housing industry.
“The latest discussion about using Treasury General Account cash to help finance purchases of longer-dated bonds gave the market something to chew on Monday, and it initially liked the taste. Long yields fell, and the curve flattened,” Stephen Innes of SPI Asset Management said in a commentary.
“But there is a difference between forcing the bond market to blink for an afternoon and solving the underlying problem,” he said.
The Federal Reserve’s new chairman, Kevin Warsh, is set to deliver a speech Friday at an annual economic symposium in Jackson Hole, Wyoming, the backdrop for past policy announcements.
Analysts say Warsh is likely to talk about inflation and how the Fed plans to deal with it.
Oil prices are a major factor behind higher costs and Brent crude, the international standard, has been trading above the $72 per barrel level it was at before the war with Iran began in late February.
Early Tuesday, Brent crude fell 2% to $88.74 per barrel. U.S. benchmark crude oil shed 2.2% to $83.14 per barrel.
Last month, Brent zigzagged between $72 and $102 as hopes rose and fell that the United States and Iran could reach a deal that would allow oil tankers to freely exit the Persian Gulf again. The new U.S. sanctions announced Monday helped drag the value of Iran’s currency, the rial, to a record low against the U.S. dollar.
In other dealings, the U.S. dollar rose to 159.30 Japanese yen from 159.10 yen. The euro was trading at $1.1670, up from $1.1667.
World shares mostly gain and oil prices slip as the US raises pressure on Iran 2026
IUSTITIA.BG – Investigations 2009-2026 2026-08-25 09:57:27
Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
