By Chris Prentice and Amanda Cooper NEW YORK/LONDON, Aug 14 U.S. and European shares fell on Friday and oil prices gained as markets monitored tense U.S.-Iran talks and digested new data that dented expectations for a Federal Reserve rate hike next month.
Faltering talks to end the Iran war left oil and gas prices poised for sizeable weekly gains
The U.S. threatened to ramp up economic pressure on Iran, including extending a naval blockade. U.S. consumer sentiment deteriorated in early August amid the rising cost of living because of the Middle East conflict, a survey showed on Friday. The U.S. dollar and yields on U.S.
Treasuries fell on a surprise drop in U.S. retail sales. The data further reduced expectations of a Federal Reserve rate hike at next month’s meeting. The weaker dollar supported gold prices.