Asian markets barely budged amid possible US sanctions on Iran
Asian markets barely budged this Monday, with everyone keeping an eye out for possible US sanctions on Iran.
Oil prices dipped a bit; Brent crude fell 1% to $93.43 per barrel and US crude dropped 1.1% to $86.14 after last week's jump in Brent prices.
Japan's Nikkei held steady after last week's slide, while South Korea and Taiwan saw small drops too.
Canadian dollar slips, NVIDIA earnings awaited
The Canadian dollar slipped slightly after Canada said it would impose tariffs on US goods, following rough trade talks.
Meanwhile, the tech crowd is waiting for NVIDIA's earnings report (August 26), with big expectations for revenue growth.
Investors are also tuning in to Federal Reserve Chairman Kevin Warsh's upcoming speech (August 28) for hints about future interest rates, but don't expect any surprises; he's likely sticking to balance sheet talk rather than rate changes.