BANGKOK (AP) — World shares were mostly lower and oil prices slipped on Monday at the outset of a week capped by an annual meeting of top U.S. economic officials at Jackson Hole, Wyoming.
Iran's currency hit a record low as the U.S. prepared to announce new sanctions to try to break the impasse with Iran, adding pressure when its economy is already battered by earlier sanctions and a U.S. naval blockade.
The rial dropped to 2.02 million to the U.S. dollar on informal currency markets. Iran's official Central Bank rate stood at around 1.5 million rial to the dollar, but the informal rate is what most Iranians pay.
In early European trading, Germany's DAX edged 0.1% lower to 26,110.79, while the CAC 40 in Paris also gave up 0.1%, to 8,474.35. Britain's FTSE 100 inched up 0.1% to 10,831.33.
The future for the S&P 500 was down 0.2%, while that for the Dow Jones Industrial Average fell 0.1%.
#lower #sanctions #rial #million
Iran's currency hit a record low as the U.S. prepared to announce new sanctions to try to break the impasse with Iran, adding pressure when its economy is already battered by earlier sanctions and a U.S. naval blockade.
The rial dropped to 2.02 million to the U.S. dollar on informal currency markets. Iran's official Central Bank rate stood at around 1.5 million rial to the dollar, but the informal rate is what most Iranians pay.
In early European trading, Germany's DAX edged 0.1% lower to 26,110.79, while the CAC 40 in Paris also gave up 0.1%, to 8,474.35. Britain's FTSE 100 inched up 0.1% to 10,831.33.
The future for the S&P 500 was down 0.2%, while that for the Dow Jones Industrial Average fell 0.1%.
#lower #sanctions #rial #million
2 days ago
