Jun. 20 at 1:46 AM
Global markets ended the week lower as investors grew cautious following the postponement of U.S.-Iran nuclear talks. European and Asian stocks declined, oil rebounded above
$80 per barrel, and gold fell for a third consecutive week as expectations for tighter U.S. monetary policy increased.
Brent crude rose 0.9%, while gold dropped 1.3% to around
$4,156 an ounce. The U.S. dollar eased after its post-Fed rally, and Latin American currencies traded mixed, with the Mexican peso gaining and the Argentine and Colombian pesos weakening.
In corporate news, Santander overtook Inditex as Spain’s most valuable listed company. Microsoft and Amazon could face stricter EU regulation of their cloud businesses, ASML denied allegations that an advanced chipmaking machine reached China in violation of export controls, and Mercedes-Benz announced new cost-cutting efforts to improve competitiveness.
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