Afternoon Briefing 05 Apr 2023: Oil Rises on OPEC+ Production Cut

Asian Markets

Asia markets mixed, New Zealand raised interest rates by 50 basis points.

European Markets

European markets opened mixed as investor uncertainty resurfaced.

US Pre-Open Markets

US stocks tended to fall after the Dow and S&P 500 snapped a four-day winning streak.

Commodities

Oil rose as OPEC cut production and US inventories brightened the outlook.

U.S. Treasury Yield

Treasury yields rebound amid mixed market sentiments.

Major Currency Pairs

Dollar sank near its lowest level for two months.