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S&P 500 Index Retreats as Energy Stocks Fall, Nikkei 225 and ASX 200 May Follow
S&P 500, NIKKEI 225, ASX 200 INDEX OUTLOOK:
Crude oil prices retreated as US-Iran nuclear talks made significant progress, denting the energy sector
The Nikkei 225 and ASX 200 indexes look set to open lower. Hong Kong market is shut for a holiday
Crude Oil, FOMC minutes, Pandemic, Inflation, Asia-Pacific at Open:
US stocks pulled back broadly on Tuesday amid inflationary concerns and falling crude oil prices. Investors are awaiting the minutes from the FOMC meeting for clues on the Fed’s take on inflation and conditions to warrant a debate on tapering. Demand for safety and inflation-hedge assets sent gold prices to a 14-week high of $ 1,870, whereas crude oil prices were lower amid a report that significant progress has been made for the US-Iran Nuclear Deal. Energy was the worst-performing sector overnight.
Iran Ends Aid Worker Zaghari-Ratcliffeâs House Arrest, But Court Summons Await
Nazanin Zaghari-Ratcliffe was arrested at a Tehran airport in April 2016 and later convicted of plotting to overthrow the clerical establishment.
Nazanin Zaghari-Ratcliffe and her daughter Gabriella pose for a photo in London, Britain February 7, 2016. Picture taken February 7, 2016. Karl Brandt/Courtesy of Free Nazanin campaign/Handout via REUTERS/Files
World08/Mar/2021
Dubai: Iran has released British-Iranian aid worker Nazanin Zaghari-Ratcliffe from house arrest at the end of her five-year prison sentence, but she has been summoned to court again on another charge, her lawyer said on Sunday.
British Prime Minister Boris Johnson said his government would continue to do everything possible to secure her permanent release so she could return to the UK.
Story highlights
Tensions have risen in the Gulf region since the United States reimposed sanctions on Iran in 2018 after then-president Donald Trump withdrew Washington from a 2015 nuclear deal between Iran and major powers
Former President Donald Trump has offered a withering critique of his Democratic successor Joe Biden s first weeks in office.
Last week, the Biden administration offered talks with Iran led by European allies as it seeks to salvage a 2015 nuclear deal, left on the brink of collapse after Biden s predecessor Donald Trump withdrew from it.
But the new administration has also made clear it would not brook malign activities by Iran.
Story highlights
Iran has stated that the US needs to first lift the sanctions imposed under former President Trump s administration for the talks to take place.
As Iran and the US tussle over the revival of the 2015 nuclear deal, the Biden administration said that its patience is not unlimited .
Watch:
Tehran has not formally responded to the US offer last week for talks with Iran in a joint meeting with the countries that negotiated the deal. Our patience is not unlimited, but we do believe, and the president has been clear on this ever since he was running for high office that the United States and he felt that the most effective way to ensure Iran could never acquire a nuclear weapon was through diplomacy that is what we are engaged in now, Ned Price, State Department spokesman, said.