NO, no, no way: As Saudi Arabian Oil Minister Ali Al-Naimi once again quashed hopes that oil production would be cut to stabilise falling prices, equity investors are now focusing on the benefits of low fuel prices on consumer spending power - AFP Photo.
SYDNEY: A holiday lull settled over Asian markets on Tuesday after Wall Street closed at historic highs while oil prices suffered a stinging setback after Saudi Arabia quashed all thought of curbing supply.
A revival in risk appetite undermined the safe haven yen and kept the US dollar elevated across the board, while sovereign bonds were content to sit on recent gains.
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