- Oil prices fell back from recent gains as Asian shares were mixed in holiday-thinned trading.
- US equity futures rebounded from two days of losses as oil-driven inflation concerns eased.
- European bonds stabilized after a week of dramatic swings as lower oil prices brought relief from budget worries.
- The dollar rally persists as high oil prices weigh on currencies of energy-importing nations.
Quotes
“falling oil prices bringing relief from budget worries”
“soaring oil prices weigh on currencies of energy importing nations”