Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Oil surged to $47 a barrel Tuesday, its highest level since in March on Tuesday, due to AstraZeneca's promising coronavirus vaccine that spurred demand recovery hopes and US President-elect Joe Biden's transition to the White House.
AstraZeneca said its COVID-19 shot was 70 percent effective in trials and could be up to 90 percent effective.
Vaccines from Pfizer/BioNTech and Moderna have earlier recorded positive results against the coronavirus.
Brent crude gained 45 cents, or 1 percent, to $46.51 a barrel in morning trade and hit $46.72, its highest since March 6.
Meanwhile, US West Texas Intermediate crude jumped 47 cents, or 1.1 percent, to $43.53.
According to Tamas Varga of broker PVM, he expects next year’s oil demand estimates to be amended upwards as the fight against the coronavirus is intensifying and is proving to be increasingly successful.
Also boosting oil and financial markets was the US transitioning to a Joe Biden presidency.
