Asian Shares Flat Ahead of US Sanctions and Nvidia Earnings
· Business · LiveMint, Reuters, Bloomberg
Share markets across Asia remained flat in quiet trade on Monday, while oil prices slipped as investors awaited details of US sanctions on Iran. Technology stocks hovered in anticipation of Nvidia's upcoming quarterly results, with analysts projecting revenue to near $92 billion. Meanwhile, Federal Reserve Chairman Kevin Warsh is scheduled to speak in Jackson Hole, Wyoming, on Friday, though his historical reluctance toward forward guidance leaves markets uncertain. Market participants are pricing in about a 40% probability of an interest rate hike at the September 16 meeting. The report does not specify the precise timing for the release of the Iran sanctions details.
Why it matters
Global investors and energy markets are closely tracking the impending US sanctions on Iran and Federal Reserve commentary, which directly influence crude prices and borrowing costs.
Read the original report — LiveMint
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