Markets globally were under pressure and closed lower yesterday with economic concerns and inflation dragging markets in US and Europe. US and European indices closed lower for a second day in a row to start June under pressure. The weak handover has pushed all major Asian indices lower in early trade today including the SGX Nifty. Among commodities, oil prices are seeing a cool off. This is happening despite China easing lockdowns and largely due to Saudi expected to ramp up oil production in case of an embargo on Russian oil. Hersh Satya sums up what is happening in global markets, commodities, bonds and currency.
#GlobalMarkets #Inflation #OilPrices
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