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International Business Times
International Business Times
Business
AFP News

Markets Retreat After Rally, Oil Dips But Middle East Worries Linger

Middle East Oil US Federal Reserve United States Jerome Powell Asia Nvidia Wall Street
Investors will be keeping a close watch on the earnings release by chip giant Nvidia this week, hoping for an idea about demand for artificial intelligence tech (Credit: AFP)

Asian markets slipped Tuesday following a tepid day on Wall Street as traders took a breather from a recent rally fuelled by bets on a US interest rate cut, while oil eased from a surge caused by Middle East tensions.

A string of supportive data in recent weeks and comments from top Federal Reserve officials have helped push equities higher in August after starting the month in turmoil on fears of a US recession.

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