Global markets are trying to find direction between the tightening moves of central banks and the reopening of China.
Markets continue to seek direction during the monetary tightening moves in the face of China’s rising inflation and Covid measures.
Japan stocks rise with the weak yen in Asia. Futures in the US stock markets, which lost on Tuesday, are rising in the first transactions of the new day. After the Euro Zone inflation exceeded the expectations with 8.1%, the sales wave in bonds continued. US 10-year return reached 2.9%.
Some OPEC members have expressed the idea of suspending Russia’s obligations under the OPEC+, the Wall Street Journal reported. The suspension of Russia’s treaty obligations could result in Saudi Arabia to produce more oil. OPEC+ is expected to increase supply by 430,000 daily for July.
