Asian stocks tick higher; oil slips on OPEC+ output hike concerns
Tuesday, 1 July 2025
Asian equities saw modest gains amid US tariff uncertainty and anticipated OPEC+ crude supply increases. Investors are cautiously awaiting a US Senate vote on President Trump's economic bill and upcoming labor market data. Oil prices declined, while gold prices rose as investors sought safe-haven assets amidst economic concerns and geopolitical factors.
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