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Oil prices slip after OPEC+ agree to ease output cuts
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Oil prices fall after prior gains driven by OPEC+ move
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3 Min Read
NEW YORK, April 1 (Reuters) - Asian markets were set to open higher on Friday in a holiday-lightened trading session, riding a surge of strong factory data and falling bold yields that pushed U.S. and European benchmark stock indexes to record highs.
U.S. President Joe Biden’s $2.3 trillion plan to rebuild America’s crumbling infrastructure added to the enthusiasm for risk assets, as did accelerating vaccine rollouts.
The China Financial Futures Exchange CIS 300 Index Futures index was up 1.76%, the Nikkei futures index was up 1.23% and E-Mini S&P 500 futures index was up 1.18%. Australia, New Zealand, Hong Kong and Singapore were among the Asian countries observing the Good Friday holiday.
KUALA LUMPUR, April 4 (Bernama): The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to breach the 1,600-level this week in line with broader optimism in the Unites States’ (US) economy and expected bounce in commodity prices, said an analyst.
Axi chief global markets strategist Stephen Innes said, however, the key index would likely be weighed down by glove stocks, due to improving global vaccination rates that would lessen demand for medical items such as gloves. The glove makers are leaving a negative footprint this week, while other sectors should improve like, banking as well as oil and gas stocks,” he told Bernama in an email interview.
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