STOXX 600 slips 0.1% as tech pressured by Iran sanctions
Business
European stocks started the week on a slightly shaky note, with the STOXX 600 index slipping by 0.1%.
Tech shares came under pressure, as investors kept an eye on possible US sanctions against Iran, which could mess with Gulf oil supplies and push prices up.
Energy down 0.4%, resources up 0.8%
Energy stocks dropped 0.4% thanks to rising oil prices, but basic resources rose 0.8% as gold prices advanced amid a weaker dollar.
Tech is under extra pressure ahead of NVIDIA's big earnings report on Wednesday (everyone's curious about AI chip demand), and traders are waiting for Federal Reserve Chair Kevin Warsh's speech at Jackson Hole this Friday to see what's next for interest rates.