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    Stock market: Asia uncertain, little oil moves pending Opec +

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    (ANSA) – MILAN, 01 JUN – Uncertain session for Asian stock exchanges with Tokyo up by 0.6%, in the wake of the weakening of the yen, Sydney by 0.3%, Seoul closed and Chinese prices in red, due to the determination that Beijing shows in wanting to pursue the ‘zero Covid’ strategy in the future too: Hong Kong lost 0.8%, Shanghai 0.4% and Shenzhen 0.1%.

    Futures on Europe and Wall Street signal a slightly higher start as investors continue to monitor developments on the war front in Ukraine and the worrying trend in inflation. US Treasury yields drop below 2.9% on the day the Fed starts cutting its $ 8.9 trillion balance sheet. The SME indices of various countries in the Euro area and the Eurozone and, from the USA, the ISM manufacturing index and the Beige Book of the Fed, of which three members will speak today (John Williams, James Bullard and Loretta Mester) are also on the way. .

    Oil is barely moved, with WTI at $ 114.67 a barrel and Brent slashing earnings to $ 115.48, ahead of today’s OPEC + meeting in which, according to Wall Street reports Journal, some members of the organization would be reflecting on the possibility of suspending Russia, with the effect – according to analysts of RBc Capital – of suspending production agreements and seeing Saudi Arabia pumping more barrels. (HANDLE).

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    Source: Ansa

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