Stocks Tumble Amid Iran Deal Uncertainty
US stocks declined on Tuesday, while oil prices increased due to growing pessimism over a potential US-Iran peace deal. Major currency and bond markets remained relatively stable as investors await the release of US inflation figures on Wednesday.
The Federal Reserve's September meeting is a topic of interest, with investors expecting a 50-50 chance of a rate hike or no change. The July CPI inflation report may play a crucial role in deciding the Fed's decision, which will be released on Wednesday morning.
Nvidia has struck a deal worth $500 billion with top private credit and equity firms to help fund their purchases of Nvidia chips. This move has raised concerns about circular financing in the AI boom and whether it can generate sufficient returns to justify the massive outlay and borrowing.