Financial markets are starting the month on uncertain footing as investors digest OPEC's output cut and await the release of U.S. data (auto sales, jobless claims and PMI & ISM manufacturing).
Despite the surge in oil prices, U.S. futures are following yesterday's slight decline on Wall Street, while the dollar retreats from a nine-month high.
The fixed income outlook today isn't looking great either, with the 10-year Treasury yield climbing another 4 bps to 2.41%. Gold -0.3% to $1170/ounce.
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