While you were sleeping: Wall St slips

Thu, 02 Jun 2016

By Margreet Dietz June 3 (BusinessDesk) - Wall Street moved lower, while US Treasuries rose, as investors assessed OPEC’s failure to agree on an output ceiling and awaited a key US government jobs report to gauge the odds the Federal Reserve might hike interest rates this month. While members of OPEC did not come to an agreement on a new production production target, Saudi Arabia's new energy minister, Khalid al-Falih, said it did not seek to boost its output. “There is no reason to expect that Saudi Arabia is going to go on a floodin...

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