European shares edge 0.1% lower as Iran sanctions loom

European shares edged 0.1% lower on Monday as technology stocks declined and investors awaited details of threatened U.S. sanctions on Iran, expected later in the session. The pan-European STOXX 600, a broad European equity index, was down 0.1% at 653.40 as of 0713 GMT. Energy shares fell 0.4%, tracking Brent crude prices at around $92 a barrel. Basic Resources was the strongest-performing sector, rising 0.8% as gold prices climbed on a weaker dollar. Technology stocks remained under pressure ahead of Nvidia’s results on Wednesday, with investors focused on whether the chipmaker can meet high expectations. Markets will also look for clues on the U.S. interest-rate outlook when Federal Reserve Chair Kevin Warsh speaks in Jackson Hole, Wyoming, on Friday.

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