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US stocks wavered on Monday, with benchmark indexes backing off milestones that lifted the Nasdaq composite above 4,000 for the first time in 13 years, as Wall Street pondered an unexpected drop in pending home sales in October and an agreement by Iran to limit its nuclear programme.
Asian shares were mostly lower on Tuesday following a flat finish on Wall Street overnight and as investors digested the latest batch of weak US economic data.
From precious metals space, gold holds onto the previous session's gains this morning as short-covering from four-month lows offset pressure from worries over an early end to US stimulus measures and mixed economic data. In commodities, Brent prices rebound to USD 111/bbl Vs USD 108/bbl post the Iran deal yesterday, recouping most of its losses. Nymex too rises to USD 94.4/bbl. Crude prices gains as uncertainty still persists over the timing of the rise in Iran’s oil exports.
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