The OPEC+ alliance, led by Saudi Arabia and Russia, is meeting to decide whether further production cuts are necessary in order to keep oil prices from falling below the desired $75 per barrel.
Global markets reacted positively to strong jobs data and the passage of a debt-ceiling agreement, with MSCI world equity index rising 1.52% on Friday, June 2.
Despite gold prices hovering near $2,000, the U.S. labor market remains strong despite some signs of weakening as 339K jobs were created in May and unemployment rate rose to 3.7%.
The Bank of England data suggests a slowdown in the British housing market, with fewer mortgages approved and lower mortgage lending values in April than March.