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Oil prices rise, Asia stocks drift amid US-Iran stalemate
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The Dispatch
“You probably can see the (oil) market sitting around the $75-95 range while we wait to see who blinks first.”
Any upside surprise could rekindle bets of a Federal Reserve rate hike next month, with the odds currently a coin toss.
Trading of cash U.S. Treasuries was closed in Asia on Tuesday owing to a holiday in Japan, but futures fell slightly, implying higher yields.
Nasdaq futures edged 0.28% higher while S&P 500 futures added 0.1% after Wall Street ended lower in Monday’s cash session.
EUROSTOXX 50 futures slipped 0.05%, while FTSE futures and DAX futures were flat.