Headlines June 1

Saudi Energy Minister Abdulaziz: OPEC+ will meet on a monthly basis before the conclusion of the agreement.

OPEC+ JMMC advises sticking to the plan of a hike in July. - Delegates

Israel's Prime Minister Netanyahu: If we have to choose between maintaining our relationship with Washington or removing the threat to our existence, we would choose the latter - AJA Breaking.

Stocks in the United States fell slightly as investors weighed the effect of yet another economic report on the Federal Reserve's monetary policy.

The S&P 500 swung back and forth between gains and losses after the United States' manufacturing results beat expectations while revealing some uncertainty in job figures. In May, a measure of factory operation increased due to higher order growth. Manufacturers, on the other hand, are suffering due to labour shortages and material shortages.

The OPEC+ alliance decided to raise production in July and offered a bullish outlook, so energy shares were among the best performers on Tuesday. WTI crude futures hit their highest level in over two years. The dollar was little changed at the end of the day, while precious metals, copper, and bitcoin all fell.

Global stocks are off to a strong start this month, underpinned by a rebound from the health crisis and ample liquidity. Nonetheless, a slew of positive indicators is fueling fears of inflation and that central banks will withdraw support sooner than expected.
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The ISM manufacturing report's employment numbers could point to a strong labor market ahead of key American jobs details due on Friday. As the US economy surges forward while millions of people are unemployed, Fed's Brainard said there are threats on both sides of monetary policy.