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Oil prices jump; optimism over China’s consumption stimulus boosts Asia shares

Summary by WTVB
By Rae Wee SINGAPORE (Reuters) – Oil prices surged on Monday, U.S. stock futures slid while those in Asia charged higher as investors took stock of the contrasting fortunes between the United States and the rest of the world. The week is a busy one with a series of central bank policy meetings, including by the U.S. Federal Reserve. It is widely expected to keep rates on hold when its meeting concludes on Wednesday. Over the weekend the U.S. def…

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Fortune broke the news in New York, United States on Sunday, March 16, 2025.
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