(July 19): Asian stocks are set to dip Monday amid concerns about elevated inflation and the impact of the delta Covid-19 variant on plans for economic reopening. Oil slipped after OPEC+ reached a deal on boosting supply.
Futures slid in Japan, Australia and Hong Kong. U.S. contracts wavered after the S&P 500 fell for the first week in four. Traders are also monitoring the surprising rally in Treasuries, which pushed the 10-year yield lower for a third week. Currencies were steady in early Asian trading.
Oil slipped after OPEC+ agreed to boost production into 2022, resolving an internal dispute that had shaken the alliance.
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