Stock markets worldwide went up on Monday while the US dollar weakened, as investors prepare for three major events: the upcoming US presidential election that looks too close to call, an important decision about interest rates, and expected plans from China to boost its economy.
The oil market saw a significant boost, with prices jumping about 2.5 percent. This came after eight countries from the OPEC+ oil-producing group announced on Sunday that they would continue limiting their oil production through the end of next month.
These oil-producing nations had been holding back on increasing their output because they were concerned about lower demand from both China and the United States.
The positive mood spread across the financial world, with all major stock markets in Europe and Asia moving higher, following the upward trend set by Wall Street before the weekend.
Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.
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