Refinitiv Newscasts - Trading at Noon: Service-sector data feeds hawkish Fed fears; oil in focus as Russia price cap comes into force

Pfizer

05/12/2022 17:03

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Source: Reuters

Description: Wall Street's main indexes fell on Monday after better-than
expected service-sector data added to jitters that the U.S. Federal Reserve
might continue on its aggressive tightening path despite fears of a recession
next year. Oil prices, meanwhile, rose early in the session after OPEC+
nations held their output targets, and as a new price cap by Western nations
on Russian crude came into force.
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