The soft start comes after efforts to resume US-Iran peace talks stalled over the weekend, when President Donald Trump abruptly canceled a planned trip by his top envoys and Tehran said it won’t negotiate under threat. The setback adds to concerns for global equities at or near record highs, with Brent crude oil holding above US$100 a barrel and elevated bond yields from Sydney to London driving up borrowing costs.
(April 27) : US equity-index futures dropped and the dollar climbed after a breakdown in momentum toward a second round of peace talks between the US and Iran.
Futures contracts for the S&P 500 Index dropped 0.3% after the underlying gauge closed at a record on Friday. The dollar rose against most major peers, with risk sensitive currencies such as the South African rand among the biggest laggards. Brent crude oil rose 1.4% to US$106.75 a barrel.
