BANGKOK, Thailand (AP) – Shares in Europe and Asia were largely higher on Tuesday after U.S. stock prices drifted in a mixed manner ahead of events that could move the market later this week.
The oil prices dropped after U.S. Treasury Sec. Scott Bessent issued new sanctions against Iran. He also warned countries that continued to do business with Iran would be subjected to retaliation.
The DAX in Germany gained 0.5%, to 26,240.76. In Paris the CAC 40 added 0.3%, to 8,480.52. The FTSE 100 in Britain rose 0.1% to 10,869.93.
Futures for S&P 500 rose by 0.3%, while those for Dow Jones Industrial Average increased 0.2%.
During Asian trading, Tokyo’s Nikkei 225 gained 0.5% to 65,856.43. SoftBank Group shares rose 2.3%.
Kospi, the South Korean stock exchange, reversed its early losses and gained 0.7%, reaching 6,742.74, as investors bought tech stocks again, taking advantage of bargains.
The Hang Seng index in Hong Kong was virtually unchanged, at 25,511,10 dollars. Meanwhile, the Shanghai Composite index rose 0.2% to 3,889.44 dollars.
The S&P/ASX 200 index in Australia rose 0.7%, to 9,164.60.
Taiwan’s Taiex climbed 0.9% while India’s Sensex fell 0.2%.
The U.S. Treasury Department’s efforts to calm down certain areas of the U.S. bond market have eased up a little bit on Monday. This has helped relieve pressure from stocks.
S&P 500 fell 0.3% while Dow Industrials gained 0.3%. The Nasdaq Composite fell by 0.8%.
The decline was led by tech stocks. They’ve had big swings recently due to worries that the frenzy around artificial-intelligence technology has sent prices too high and huge demand for AI chips will falter if AI doesn’t yield enough profits.
Nvidia, the chip giant that has been a huge winner in the AI boom, fell 2.9% Monday. The company will release its earnings quarterly report on Wednesday, which could determine the direction of AI stocks. Micron Technology fell 5.8%, while Broadcom dropped 2.6%.
On the bond markets, the yield on the 10-year Treasury fell to 4.69%, from 4.74%, late Friday. It is now back to the level it reached last week, before the U.S. Treasury Department made a surprising announcement to boost the amount of Treasurys that they planned to buy.
The longer-term Treasury rates rose through the summer, mainly due to concerns about inflation and government debt. The high yields are making borrowing more expensive, for all borrowers, including the government. They have already pushed mortgage rates up and hurting the housing market.
The latest talk about using Treasury General Account funds to finance the purchase of bonds with longer maturities gave the markets something to chew Monday and they liked it. In a recent commentary, Stephen Innes from SPI Asset Management stated that long yields had fallen and the curve was flattened.
He said: “But, there’s a big difference between making the bond market blink an afternoon or solving the problem.”
Kevin Warsh will deliver the keynote address at a Jackson Hole economic symposium on Friday. This is where previous policy announcements have taken place.
According to analysts, Warsh will likely discuss inflation and the Fed’s plans for dealing with it.
Brent crude (the international standard) is trading at a price above $72 per barrel, which was the level before the Iran war began late in February.
Brent crude dropped 2% in the early hours of Tuesday to $88.74 a barrel. U.S. benchmark oil fell 2.2%, to $83.14 a barrel.
Brent fluctuated between $72 to $102 last month as the United States and Iran tried and failed to reach an agreement that would permit oil tankers again to leave the Persian Gulf. New U.S. sanction announced on Monday have helped to drag Iran’s currency rial down to record lows against the U.S. Dollar.
The U.S. Dollar rose from 159.10 Japanese yen to 159.30 yen in other transactions. The euro traded at $1.1670 – up from $1.1667.

Situational awareness, the AI-focused hedge fund which was Wall Street’s brief obsession is experiencing a bad month.
Leopold Aschenbrenner (a twenty-something OpenAI alumni) led the company to invest in a wide range of AI projects and enjoyed incredible growth for some time. A decline in AI stock prices at the end July wiped billions off the value of the company. Federal regulators are also reportedly investigating the firm.
The New York Times reported that the Securities and Exchange Commission had subpoenaed banks who did business with this hedge fund. According to the publication, subpoenas were issued for banks who supervised trading by the hedge fund and provided funding.
The government warned banks that they should “preserve all information” regarding the hedge fund. However, it also noted that Situational awareness hasn’t been charged with any crimes.
Situational Awareness declined to comment on TechCrunch’s request, but informed the Times it was to be anticipated that high-profile funds would receive scrutiny and the company “would cooperate to the maximum extent” with any regulatory requests.
This company’s very public reliance on AI could serve as an example of the unstoppable growth trajectory that is rumored to be sweeping through this industry.

Investor’s Business Daily contains information and education only. It is not intended to be an offer, recommendation or solicitation for the purchase or sale of securities. We have obtained the information from reliable sources, but cannot guarantee its accuracy, relevance, or timeliness. This includes information in closed captioning. The past performance of investments is not a guarantee or indication of the future. The authors/presenters of the articles may be owners of stocks that they are discussing. No representations are made or warranties given regarding the suitability of any investment strategy or any securities. The information is subject to changes without prior notice. Please see our Terms and Conditions for information about our service.
*Price in real-time based on Nasdaq’s Last Sale. Not all markets provide real-time quotes and/or trading prices. Data on ownership provided by LSEG, and estimated data by FactSet.
Investor’s Business Daily, Leaderboard, MarketDiem, MarketSurge, IBD, IBD Digital, IBD Live, IBD Weekly, Investor’s Business Daily, and other trademarks are owned by Investor’s Business Daily, LLC.
Investor’s Business Daily, LLC. All Rights Reserved.

Gavin Newsom sold his Sacramento home for $7.5million on Monday — nearly double the price he paid for it seven years earlier.
Newsom and Jennifer Siebel Newsom, his wife, announced in 2019 that they bought the 12,000 square foot residence located in Fair Oaks. Fair Oaks is only 15 miles away from the Capitol. The sale of his house comes four months before his end-of-term as Governor and his expected run for the presidency.
Advertisement
Continue below the ad
Newsom purchased the suburban mansion to avoid the 150-year old property, which was the residence of 13 former governors. Most recently, Jerry Brown moved in to the house in 2015, after it had been used as a museum. Brown moved into the Victorian three-story home following a $4,000,000 renovation that updated electrical and plumbing. Ronald Reagan was the last Governor to reside there prior to Brown. He lived there for just a few weeks in 1967.
Newsom stated that he chose to not live in the governor’s official mansion because he wanted to be closer to his children. Fair Oaks’ seven-bedroom mansion has a wine cellar with 5,000 bottles, a pool in a resort style, and tennis courts. At the time, he paid $3.7 million for it.
Matthew Hindy is a real-estate agent at Nick Sadek Sotheby’s International Realty which lists the property. When SFGATE contacted him, he declined to make any comments.
Advertisement
Continue below the ad
The governor’s wife and children are moving 90 miles to the west, to Marin County. They lived there before Newsom was elected. They bought a house in Kentfield, California for $9,000,000. Politico stated that their original plan was to keep the Sacramento house and divide their time between the two places. Their plan was to also enroll their oldest daughter in high school, as a freshman. According to this outlet, their children are now all enrolled at school in Marin County.
The family purchased a house in Marin County in 2024 to ensure continuity in their children’s educational experience. Izzy Gardon is a Newsom spokesperson who told SFGATE that the sale of the family’s Sacramento house was the next phase in this transition. It was not clear from the office whether this meant that Newsoms had already moved to Marin full-time.
Become a friend. GET OUR AD-FREE APP.
Our new app offers curated maps, free reading and much more.
GET IT NOW
They had owned their home in Kentfield before, and raised their children there until Newsom became governor. In 2011, they bought a home of 1,800 square feet with a beautiful view of Mount Tamalpais. After he was elected lieutenant-governor of California, he bought the house for $5.9million.
Advertisement
Continue below the ad
Newsom becomes the third governor in a row to divide his time between Sacramento, California and another area of the state. Brown commuted to Oakland from Los Angeles for part of his tenure, while Arnold Schwarzenegger did the same.

Treasury Secretary Scott Bessent stated on Monday, that regular Treasury auctions for U.S. Debt will continue as usual. This follows his announcement of an increase in size of the buybacks of securities with longer maturities.
Bessent addressed a Monday press conference in which he discussed a plan to “economically asphyxiate” the Iranian regime by implementing secondary sanctions against Iran’s trading partner.
The Treasury Secretary was asked during the press conference if the agency would reduce the auction size for long-term bonds in the future or if other tools from the toolbox of the Department could be used to lower the yields.
We will continue our normal program of auctions. Bessent stated that you would hear from us at the start of next quarter. In response to another question, he added that “we haven’t purchased a single Bond yet.”
The Treasury Yields Hit Multi-Decade Highs Amid a Surging National Debt
Bessent pointed out that auctions for longer-dated Treasurys such as 10-year notes and 20-year and 30-year bond are not scheduled until September, which would be the latest the new structure of buybacks could enter into effect after Sept. 9th.
The Treasury announced the changes on August 19, which increased the maximum authority for buybacks by at least $2 billion. This will allow buybacks of any size to be based upon market conditions.
Treasury is expected to provide additional information on future buybacks after Nov. 4.
Treasury stated in its announcement, “the increase in buybacks reflects Treasury’s desire to provide more liquidity support in long-dated nominal sector where market participants consistently sponsor the sectors. This is evidenced by the large volume of quality offers Treasury receives regularly in the longer-dated purchase operations.”
US DEBT HITS 40 TRILLION MILLIONE MILESTONE FIRST TIME EVER
The announcement last week lowered the yields of 10-year Treasury notes and 20-year and 30-year bond for a brief period, but they had largely reversed these declines at the end of the previous week. On Monday, yields declined modestly.
Bessent stated last week that higher buybacks were intended to provide liquidity for a less liquid segment of the market. This is particularly true in the 30-year-old sector. The longer-dated Treasurys also compete with the heavy issuances of corporate bonds, which are higher in yield, amid AI buildout.
Treasurys with higher yields may put fiscal pressure on the government as it is required to pay more in interest for servicing the national debt. Last week, the U.S. national gross debt reached $40 trillion.
BESSENT LAYS OUT THE 5 PRINCIPLES DIRECTING TRUMP ADMIN’S APPROACH FOR ECONOMIC STAFFCRAFT
Treasury Department did not specify the source of funding for Treasury buybacks in its announcement. The Treasury General Account at the Federal Reserve, according to a Reuters article, could be used as a funding source. This would eliminate the need for new Treasury bills with shorter maturities and would not eat up the country’s reserves.
TGA is the Federal Government’s Checking Account. It’s what pays for all of its daily operations, including federal employee salaries, government contracts, and Treasury’s principal and interest obligations.
The TGA had about $940 Billion in funding as of Wednesday. Treasury has bolstered the TGA in order to pay some of the $166 Billion in refunds due to importers following a Supreme Court decision that invalidated a major portion of Donald Trump’s Tariff Regime.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The TGA had an average of $840 billion in the last year. This was its highest balance ever, excluding the rapid increase during the COVID-19 Pandemic.