Energies
Oil prices rebounded after reaching to multi-month lows, driven by speculation that as major producers may delay increasing output and a decline in U.S. inventories. However, concerns over weak demand tempered the gains.
The dollar weakened against major currencies after U.S. job openings data for July showed a softening labor market. This increased expectations for aggressive interest rate cuts from the Federal Reserve, with traders now betting on a half-point reduction at the next meeting.
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