Wall Street Futures Drop, Brent Oil Falls to $91.26

Major financial markets are falling this Monday as oil prices retreat. Brent crude is down 1.5% to $91.26 per barrel, while WTI crude decreases by 1.99% to $85.33. U.S. Treasury Secretary Scott Bessent will hold a press conference to detail sanctions against Iran. In Asia, the Hang Seng is down 1.89%, the Shanghai Stock Exchange falls 0.59%, the Kospi plummets 3.12%, and the Nikkei 225 decreases by 0.59%. In Europe, the Euro Stoxx is down 0.03%, the German DAX rises 0.08%, and the French CAC falls 0.04%. In pre-market trading in New York, the S&P 500 is down 0.22%, the Nasdaq retreats 0.61%, and the Dow Jones drops 0.16%. Shares of Steel Dynamics, Nucor Corp, and Agilent Technology rise by 4%, while Sherwin-Williams falls by 4%, Dover Corporation decreases by 3%, and Teradyne drops by 2%. In currencies, the U.S. dollar appreciates by 0.5% against the Canadian dollar, standing at 1.3832. Investors are awaiting clarity on interest rates when the Federal Reserve Chair speaks on Friday.

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