Asian Shares Flat Ahead of Iran Sanctions and US Interest Rate Clarity

Asian shares were flat on Monday, August 24, as investors awaited details of threatened US sanctions on Iran. The announcement is due later in the session and has already caused oil prices to ease, with Brent slipping 1% to $93.43 per barrel.

The entire tech sector is holding its breath for Nvidia's results on Wednesday, with analysts expecting quarterly revenue to almost double to around $92 billion. Investors are aware of how hard it will be for the chip maker to meet these stratospheric expectations.

Market participants are also hoping for some clarity on the outlook for US interest rates when US Federal Reserve Chairman Kevin Warsh speaks in Jackson Hole, Wyoming, on Friday. However, his well-known aversion to forward guidance may lead to disappointment.