The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger
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Opec oil deal to dominate market toneHere are the big questions we are asking at FT Markets into the week when the calendar flips over into December.An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as Russia on board could boost oil beyond its recent $40-$50 range.Q: Can a grand slam US equity market set fresh records?Hence an array of records being set with all four main US equity indices climbing into uncharted territory last week as investors for now ignore the prospect of corporate margins being eroded by higher wages and interest rates.While the dollar cooled its heels towards the yen of last week, the monthly US jobs report due on Friday could spur another strong run for the global reserve currency.A stronger dollar and rising bond yields since the US election have triggered a big reversal in sentiment for gold, with the potential for a much bigger slide.
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