Dow futures edge higher; fresh inflation data, tech sector in focus
) announced earlier Monday that the e-commerce giant’s former group CEO Daniel Zhang has resigned just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off plan.Oil prices edged lower Monday, easing from 10-month highs after a stellar rally in the wake of top producers Saudi Arabia and Russia extending their voluntary supply cuts to the end of the year.
The International Energy Agency and the Organization of the Petroleum Exporting Countries are due to release their monthly reports this week. Investors will be looking for comments on likely demand growth given a swathe of recent data has shown that the important Chinese economy was cooling despite the lifting of anti-COVID restrictions earlier this year.
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