business
Shares ease as investors ponder US-Iran peace talks; yen nears 40-year lows
Key takeaways
- The MSCI All-World index was down 0.15%, having retreated after U.S.
- European stocks fell 0.12%, paring earlier gains, while U.S. stock futures fell between 0.1% and 0.2%.
- Oil prices edged below $80 a barrel after Israel and Hezbollah agreed to a ceasefire in Lebanon on Friday, according to a U.S.
The dollar headed towards its strongest weekly gain in a month, mostly at the expense of the yen, which has fallen for five out of the last six weeks to trade close to its weakest since late 1986, prompting a volley of warnings from officials in Tokyo that intervention is an option.
The MSCI All-World index was down 0.15%, having retreated after U.S. Vice President JD Vance pulled out of a planned trip to meet Iranian negotiators in Switzerland on Friday.
European stocks fell 0.12%, paring earlier gains, while U.S. stock futures fell between 0.1% and 0.2%. The U.S. stock market was closed on Friday for the Juneteenth holiday.
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