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U S Futures Rise With Bonds Ahead of Payrolls: Markets Wrap
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Endowus gets funding from three new investors | Asia Asset Management
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The oil producers’ alliance has delayed preliminary talks to allow members more time to resolve differences. While Russia has been weighing a proposal to hike output, Saudi Arabia has signaled it prefers a gradual approach amid fresh Covid-19 outbreaks in some regions, and Kuwait has said the group remains cautious.
In the latest bullish data for prices, the American Petroleum Institute reported a 8.15 million-barrel weekly decline in U.S. crude stockpiles, according to people familiar with the data. Government figures are due to be released later Wednesday.
The recovery in key economies such as the U.S. and China has helped underpin a surge in fuel use and sent crude to the highest since mid-2018. OPEC+ sees the market in deficit for the rest of this year if it keeps output steady but virus flare-ups are causing concern. U.K. cases have spiked and Australia is racing to contain outbreaks. Other nations are renewing travel restrictions.
Asian markets track fresh Wall St records on recovery optimism
Issued on:
30/06/2021 - 05:18 US consumers are growing more upbeat about the economy and job prospects, with confidence rebounding to the highest point since the start of the pandemic Angela Weiss AFP/File 3 min
Hong Kong (AFP)
Asian equities rose with oil prices Wednesday, building on strong gains in Europe and Wall Street as investors were buoyed by optimism over a strong economic recovery despite fears over rising virus cases around the world.
Vaccine optimism was also given an extra boost after Modern said its drug produced protection against the Delta strain that has spread rapidly around the world and accounts for an increasing number of new infections.
Oil set for best half since 2009 as demand recovers ahead of OPEC+ meeting
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