Europe Market Open: Asian stocks took impetus from last Friday's post-NFP gains stateside, while the region also digested stronger Chinese Caixin PMIs
05 Jun 2023, 06:43 by Newsquawk Desk
- APAC stocks were mostly positive amid momentum from Friday's post-NFP gains on Wall Street and strong Chinese Caixin Services and Composite PMIs.
- Saudi Arabia announced it is to cut an additional 1mln bpd of oil output in July; all other OPEC+ producers agreed to extend earlier cuts through to the end of 2024.
- Saudi’s Energy Minister said will keep the markets in suspense on whether the additional voluntary cut for July will be...