Dust Settles on Stocks Surge, Oil Market Waiting for OPEC+ Supply Decision

[Epoch-Times-Bot]

Dust Settles on Stocks Surge, Oil Market Waiting for OPEC+ Supply Decision

LONDON—World stocks clung to two-week highs on Wednesday, although another aggressive rate increase from New Zealand tempered the idea that central banks may be close to slowing down the pace of rapid monetary tightening.
Oil prices were little changed before OPEC+ producers meeting after gaining more than 3 percent in the previous session.
Asian shares rallied, but European equity markets opened broadly lower and U.S. equity futures pointed to a weak start for Wall Street.
The S&P 500 index posted its biggest single-day rally in two years on Tuesday after softer U.S. economic data and a smaller-than-expected interest rate hike from Australia stirred hope for less aggressive tightening by the Federal Reserve....

Source: Dust Settles on Stocks Surge, Oil Market Waiting for OPEC+ Supply Decision

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