Investors focus on upcoming Nvidia earnings after US Treasury stops short of imposing new Iran penalties, easing market jitters.
Global markets stabilized Tuesday as traders largely ignored US plans to expand sanctions on Iran, which failed to trigger immediate penalties. The Treasury Department warned countries to cut financial ties with Iran or face secondary sanctions but did not enforce new measures, prompting only a modest overnight dip in oil prices and bond yields.
European shares opened 0.3% higher, supported by defense stocks amid expectations of prolonged regional tensions. The dollar edged up against the euro and yen, though traders noted a breakdown in its traditional correlation with bond yields. Analysts suggested recent yield spikes and dollar weakness signal a potential shift in sentiment.
Attention now turns to Nvidia’s quarterly results, due Wednesday, as the chipmaker’s performance is expected to influence broader tech sector trends and market direction.