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EMEA Morning Briefing : Tepid Start Seen for Shares; Oil Holds Sharp Gains on OPEC Deadlock

EMEA Morning Briefing : Tepid Start Seen for Shares; Oil Holds Sharp Gains on OPEC Deadlock 07/06/2021 | 12:25am EDT Send by mail : Message : Watch For: Eurozone Retail Sales; Germany Manufacturing Turnover/Orders, ZEW Indicator; U.K. Construction PMI; updates from BMW, Ocado, Sainsbury s, Telenor Opening Call: Europe faces a subdued start on Tuesday, lacking direction. In Asia, shares mostly struggled without Wall Street s lead, oil and gold extended gains, while the dollar and Treasury yields wavered. Equities: European shares face minor losses to start on Tuesday as investors weigh mixed leads, including sharply higher oil prices and the lifting of almost all Covid-19 restrictions in the U.K. on July 19.

UAE-Saudi Arabia standoff may push up petrol prices in India

UAE-Saudi Arabia standoff may push up petrol prices in India Quartz 19 hrs ago © Provided by Quartz Indians, reeling under the burden of high fuel prices, could be in for another jolt due to reasons that are mostly out of the country’s control. A failure to resolve a rare standoff between the United Arab Emirates (UAE) and Saudi Arabia could push global crude oil prices up further. The two Arab nations are in disagreement over a plan by the Organization of the Petroleum Exporting Countries (OPEC) that seeks to extend a cap on oil production. OPEC is an intergovernmental organisation of 13 oil-producing nations.

Asian oil buyers fret over margin impact of cancelled OPEC+ meeting

Asian oil buyers fret over margin impact of cancelled OPEC+ meeting
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