Oil prices steadied in Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.
The dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook.
Thailand's exports returned to growth in April, and at a much faster pace than analysts' expectations, and the commerce ministry said on Thursday shipments were expected to eke out a small gain in the second quarter.
Euro zone business activity has expanded at its fastest pace in a year this month, supported by buoyant demand for services, while the manufacturing sector showed signs of approaching a recovery, a preliminary survey showed on Thursday.
Japan consumer price index (CPI) inflation eased as expected in April as private spending remained squarely on the backfoot, raising more doubts over the Bank of Japan’s forecast of higher inflation and its capacity to raise interest rates.
New vehicle sales in the United States are projected to rise in May from a year earlier, helped by demand for crossover SUVs and pickup trucks, according to a joint report by industry consultants J.D. Power and GlobalData on Thursday.