Afternoon Briefing 11 July 2023: Oil Rises on OPEC+ Production Cuts

Asian Markets

Asian stocks rose as Wall Street snapped a three-day losing streak.

European Markets

European bourses mostly up as UK record wage growth added to inflation worries.

US Pre-Open Markets

The US stock market tends to rise as traders are waiting for the main inflation data.

Commodities

Oil rose on OPEC+ cuts and traders are eyeing economic data.

U.S. Treasury Yield

Treasury yields fell as investors looked to key economic data.

Major Currency Pairs

The dollar slipped as the Fed's hike cycle draws to a close and focus on US inflation.