Equities across Asia were mostly trading higher at the start of the new week, helped by better-than-expected news from China’s services sector. The Caixin services PMI for May jumped to 57.1 from 56.4 in April, easing some concern over the health of the world’s second largest economy. Oil prices rose in response to the OPEC+ announcement that supply cuts would be extended until end-2024. Saudi Arabia also agreed to cut oil supply by an extra 1m barrel-a-day in July. While the US debt-ceiling deal has averted the possibility of a US default for now, thus removing a near-term uncertainty for the US economy and ... (full story)