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Stocks drop as fresh trade news awaited, oil down on Iran hopes


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Equities stuttered Thursday as investors await fresh developments in trade talks, with US partners looking to reach deals to avoid Donald Trump's tariff blitz, while oil extended losses on hopes for an Iran nuclear deal. Oil prices sank around two percent on signs that Iran could agree to certain US demands to reach a nuclear deal.

The article from Legit.ng discusses the decline in global stock markets as investors awaited further developments on U.S.-China trade negotiations, with the Dow Jones Industrial Average dropping 0.4% and the S&P 500 falling 0.3%. Amidst this, oil prices also saw a decrease due to concerns over global economic growth, despite positive sentiments regarding potential U.S. sanctions relief on Iran which could increase oil supply. The article highlights the cautious market sentiment influenced by ongoing trade tensions and the anticipation of key economic indicators, such as U.S. employment data, which could provide further insights into the economic outlook.

Read the Full legit Article at:
[ https://www.legit.ng/business-economy/economy/1655081-stocks-drop-fresh-trade-news-awaited-oil-iran-hopes/ ]

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