Tuesday Outlook: Stronger equities offset political tensions, oil prices rise

Markets forged ahead on optimism over reopening of global economy

  
Oil pump with candle stick graph chart in the background. World Oil Industry. Image used for illustrative purpose

Oil pump with candle stick graph chart in the background. World Oil Industry. Image used for illustrative purpose

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Oil prices rise on supply cut hopes, easing of coronavirus lockdowns
Brent crude futures were up nearly 1.7%, or 59 cents to $36.12

Japan shares hit 10-week peak, S&P 500 tests 3,000
Japan's Nikkei led the way with a rise of 2% to its highest since early March

Gold steady as stronger equities offset political tensions
Spot gold was flat at $1,729.83 per ounce

Dollar dips as virus recovery optimism holds
Against a basket of currencies the dollar was roughly where it ended last week, holding at 99.692

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