European markets were trading lower on Monday ahead of a crunch meeting of the OPEC+ oil-producing alliance. The pan-European Stoxx 600 dipped with auto stocks dropped 0.8% while basic resources climbed 0.9%.
As per media reports, British Prime Minister Boris Johnson will outline plans for the final phase of lifting Covid-19 restrictions in England.
Eurozone purchasing managers’ index data from the region for June will be released today.
As per media reports, brent oil was steady near $76 a barrel ahead of another round of critical OPEC+ discussions to break a stalemate over raising production, with tension rising over the weekend between two long-time allies.
Most OPEC+ members backed a proposal to increase output by 400,000 barrels a day each month from August, and push back the expiry of the broader supply deal into late 2022, the media reports added.
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