Asian shares retreat in thin holiday trading after a tech-led rally on Wall St
- Asian shares retreated on Friday as postponed high-stakes talks between the United States and Iran dimmed optimism over reopening the Strait of Hormuz oil shipping route.
- Stalled negotiations over Iran's nuclear program have left markets uncertain, as a deal would allow Iran to sell oil freely and reopen critical tanker traffic routes.
- U.S. markets rose Thursday, led by technology stocks, while energy companies lost ground as Brent crude settled 0.4% higher at $79.85 per barrel.
- Investor sentiment remains strained by expectations that the Federal Reserve will raise interest rates this year to combat inflation, following the Bank of Japan's recent benchmark rate hike to 1%.
- Markets in Greater China remained closed for the Dragon Boat festival, while the euro slipped to $1.1441 and the Japanese yen fluctuated amid broader economic uncertainty.
34 Articles
34 Articles
World shares are mixed and U.S. futures fall after a tech-led rally on Wall Street
BANGKOK — World shares were mixed Friday and U.S. futures declined as optimism over the U.S.-Iran deal to end their war was dimmed by the postponement of high-stakes talks on reopening negotiations over Iran’s nuclear program and getting oil moving through the Strait of Hormuz. Read more...
Associated Press News
Asian shares retreat in thin holiday trading after a tech-led rally on Wall St
Shares have retreated in Asia after U.S. stocks recouped most of their losses from a day earlier. Many markets in the region were closed for holidays.
World shares are mixed and US futures fall after a tech-led rally on Wall St
BANGKOK (AP) — World shares were mixed Friday and U.S. futures declined as optimism over the U.S.-Iran deal to end their war was dimmed by the postponement of high-stakes talks on reopening negotiations over Iran’s nuclear program and getting oil moving through the Strait of Hormuz.U.S. markets will be closed Friday for Juneteenth.Planned talks in Switzerland between Iran and the United States over their efforts to reach a permanent end to war w…
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