Equities are modestly higher in Asia Monday, although US payrolls came in worse than expected. Risk appetite improved a tad as speculations of Fed funds rate hike later this year diminished. Crude oil prices remained under pressure as OPEC producers show no sincerity to lower output. Although Iran signals it would help restore demand/supply balance, it won’t materialize until it has regained pre-sanction market shares.
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Oil Prices Slip as Output Freeze Hopes Fade
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