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Image Credit: Bloomberg Quint

Asian Shares Cautious On Trade Angst, Oil Falls: Markets Wrap

  • Asian shares posted modest moves as investors await progress on trade deals with the US ahead of the July 9 deadline.
  • Indexes in Japan, Australia, and South Korea saw small declines after the Trump administration officials indicated Aug. 1 as the date for higher levies to kick in.
  • Oil prices fell as OPEC+ announced an increase in production, potentially leading to a surplus later in the year and pressuring prices downwards.
  • Investors are closely monitoring trade negotiations outcomes for market direction amidst ongoing uncertainty surrounding tariff deadlines and potential impacts on major economies like Japan and Europe.

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