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Oil inches up on supply concerns and weaker dollar

SINGAPORE (Reuters) -Oil prices ticked up on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer, while weakness in the dollar also supported prices. Brent crude futures gained 12 cents, or 0.19%, to $64.75 a barrel by 0627 GMT. The oil market surged higher on Monday as rising geopolitical risks and a supply hike from OPEC+ that fell short of expectations provided a boost, said ING analysts in a note.

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Vanguard files for new ex-China emerging markets ETF

(Reuters) -Asset management giant Vanguard Group plans to launch a new exchange-traded fund (ETF) that will target emerging markets while excluding China, joining a growing niche shaped by investor debate over China's role in global portfolios. The Vanguard Emerging Markets ex-China ETF will make its debut later this summer. Many investors have been unsettled by turmoil surrounding China's trade relationship with the United States, even as better performance from Chinese stocks means some are reluctant to remove them from funds altogether.

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Why Meta Platforms Stock Jumped 18% in May

Meta jumped on a strong earnings report and a thaw in U.S. and China tensions. The social media giant may also be benefiting from trouble at Alphabet. Shares of Meta Platforms (NASDAQ: META) were moving higher last month after the social media giant jumped on a better-than-expected earnings report, and the stock gained again in the second week of May on news of a detente in the trade war between the U.S. and China.

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