OPEC Meets in Abu Dhabi to Discuss Compliance
This is what you need to know on Tuesday:
1. Investors pull back from recent highs amid thinning liquidity into the peak of the summer holidays and modestly weaker trade data from China.
2. Slightly softer-than-expected traded data from China showed a narrowing of that country's trade surplus with the United States and a 2.2% month-on-month decline in steel exports.
3. Global oil prices extended modest losses in overnight trading and into the European session as OPEC's 'technical committee' meet in Abu Dhabi to work on ways for member states to improve their compliance with cuts.
4. Google (GOOGL) - Get Reportfires the author of the 'diversity memo' as the tech industry faces further questions over gender bias.
5. Wall Street futures are pointing to a softer open for stocks Tuesday, with the Dow Jones Industrial Average poised to end its nine-day winning streak, according to early prices, with a 4 point decline.
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