Stocks steady, oil cools as US-Iran tensions ease

LONDON: World shares steadied and oil pulled back from multi-month highs on Tuesday after dramatic post-new year moves, as investors judged prospects of an all-out conflict between the United States and Iran had eased.

On Monday the mood began to calm, helping U.S. shares recover ground. The Dow rose 0.24per cent, the S&P 500 0.35per cent and the Nasdaq 0.56per cent.On Tuesday emerging markets, which had been hardest hit, bounced back, with stocks rising 0.4per cent. Safety plays were out of favor, with gold retreating to US$1,569.41 an ounce, after scaling a near seven-year peak overnight. Euro zone government bond yields edged up from around three-week lows.

The euro edged up to US$1.1192, but faces stiff chart resistance around US$1.1240, while sterling made gains to US$1.3196 on better UK economic data.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong: Stocks suffer more losses on US-Iran fearsRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

South Korea: Stocks bounce back as US-Iran tensions easeRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asia: Stocks track US gains as Iran fears ease but traders on alertAsia: Stocks track US gains as Iran fears ease but traders on alert
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asia stocks attempt a rally as Iran anxiety ebbsAsian shares rebounded on Tuesday as a day passed without a new escalation in the Middle East and Wall Street erased early losses to end in the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks attempt a rally as Iran anxiety ebbsSYDNEY (REUTERS) - Asian shares rebounded on Tuesday (Jan 7) as a day passed without a new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »