Premarket: World stocks steady, oil cools as U.S.-Iran tensions ease

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Premarket: World stocks steady, oil cools as U.S.-Iran tensions ease GlobeInvestor

This translation has been automatically generated and has not been verified for accuracy.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.

Risky assets started 2020 on the back foot as Tehran and Washington traded threats after a U.S. air strike on Baghdad airport killed a top Iranian commander. Safety plays were out of favour, with gold retreating to $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.

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