FYI: Global stocks mostly edged down on Tuesday, as oil prices jumped after a surprise move from the U.S. to curb Iranian oil imports and investors awaited a fresh batch of earnings for clues on the direction of the world economy.
The Stoxx Europe 600 shed 0.2% after the opening bell, while Hong Kong’s Hang Seng and Japan’s Nikkei 225 gained 0.2% each. U.S. futures pointed to opening losses of 0.1% for the S&P 500 and a flat open for the Dow Jones Industrial Average.
Brent crude, the global oil benchmark, rose 0.7% to $74.52 a barrel, reaching a high for the year-to-date. Its U.S. counterpart, West Texas Intermediate, rose 0.8% to $66.05 a barrel.
Oil markets were jolted by a U.S. move to ban countries from importing Iranian oil, with waivers granted to countries including China, India and Turkey slated to end May 2. The tightened restrictions could remove over 1 million barrels of Iranian supplies from the market a day, significantly pushing up prices.
Investors globally will also be paying close attention to earnings reports this week from companies including Facebook , Microsoft and Amazon.com .
Elsewhere, U.K. investors remained focused on Brexit, with little more than a month left before European elections will take place. If the U.K finds a way to leave the bloc before then, it won’t be required to hold them. The British pound gained 0.1% against the dollar at $1.2987.
The WSJ dollar index, which tracks the greenback against a basket of 16 other currencies, was 0.1% higher. U.S. 10-year Treasury yields on Tuesday ticked down to 2.586%, from 2.592% on Monday afternoon.
Gold slid 0.2% to $1,274.30 an ounce.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-weaken-as-oil-prices-climb-11556006653Bloomberg:
https://www.bloomberg.com/news/articles/2019-04-22/asia-stocks-set-to-gain-oil-hits-six-month-high-markets-wrapIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-tesla-stock-lyft-ipo-stocks-pinterest-stock/CNBC:
https://www.cnbc.com/2019/04/23/stock-market-us-ends-all-exemptions-from-iran-oil-sanctions.htmlU.K.:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-at-fresh-six-month-high-as-oil-majors-rise-thomas-cook-takes-off-idUKKCN1RZ0LUEurope:
https://uk.reuters.com/article/uk-europe-stocks/european-shares-fall-as-earnings-kick-in-umicore-weighs-idUKKCN1RZ0MCAsia:
https://www.marketwatch.com/story/asian-markets-slip-as-oil-prices-surge-2019-04-22/printBonds:
https://www.cnbc.com/2019/04/23/us-bonds-treasury-yields-tick-lower-as-investors-await-data-auctions.htmlCurrencies:
https://www.cnbc.com/2019/04/23/forex-market-us-sanctions-on-iranian-oil-dollar-moves-in-focus.htmlOil:
https://www.cnbc.com/2019/04/23/oil-market-us-iran-sanction-waivers-opec-supply-cuts-in-focus.htmlGold:
https://www.cnbc.com/2019/04/23/gold-market-us-iran-oil-sanctions-equities-in-focus.htmlCurrent Futures:
https://finviz.com/futures.ashx 
