Crude Oil Declines as Iran Advances in Deal to Revive Exports

Crude dropped as Iran made progress on an accord to lift sanctions on its exports, threatening to add to the surplus in global markets. Iran’s cooperation with inspectors is aiding the investigation of the nation’s past nuclear activities, the International Atomic Energy Agency told world powers in Vienna on Monday. Successful implementation of a July 14 deal would allow Iran to resume oil sales halted by sanctions. Declines eased in...

Gold dips as renewed rate rise bets lift dollar; commods slide

Gold fell 1 percent on Tuesday, pressured as the dollar strengthened on renewed expectations that the Federal Reserve will raise U.S. interest rates for the first time in nearly a decade. Weakness in other commodities also weighed on gold, which rallied last week after the Fed left rates at ultra-low levels, keeping a lid on the opportunity cost of holding non-yielding bullion. Gold failed to maintain those gains after a Fed official...

Asia Futures Point to More Stock Losses Before China Factory PMI

Asian stocks were poised to extend the global equity selloff, with index futures from Australia to the U.S. sliding as the anxiety that marked last month’s market turmoil returns. Futures on Asian benchmarks slid at least 1 percent in recent trading, after commodity producers and car stocks drove the Standard & Poor’s 500 Index down 1.2 percent to an almost two-week low. Demand for the safest investments continued Wednesday, with...

U.S. Stocks Retreat Amid Global Slump in Auto, Commodity Shares

U.S. stocks fell, with raw-material shares dragged lower as commodities retreated, a selloff in biotechnology shares deepened and Volkswagen AG’s diesel-emissions cheating scandal continued to rattle global auto stocks. The Standard & Poor’s 500 Index lost 1.2 percent to 1,942.62 at 4 p.m. in New York, trimming a decline in the final hour after falling as much as 1.9 percent. It’s the third drop in four days, sending the gauge to...

U.S. Stocks Retreat Amid Global Slump in Auto, Commodity Shares

U.S. stocks fell, with raw-material shares dragged lower as commodities retreated, a selloff in biotechnology shares deepened and Volkswagen AG’s diesel-emissions cheating scandal continued to rattle global auto stocks. Fiat Chrysler Automobiles NV fell 6.2 percent, while Ford Motor Co. and General Motors Co. lost at least 2.8 percent. Dow Chemical Co. and Alcoa Inc. dropped more than 1.3 percent amid sliding commodity...