First Look: OPEC+ Hikes Output, Mega Tech IPOs, and Major M&A Moves

This is GuruFocus First Look, your morning market brief for Monday, July 6th. Here are the stories driving markets today. OPEC plus announced a collective output increase of 188,000 barrels per day beginning in August as oil prices approach pre-conflict levels and shipping through the Strait of Hormuz is partially restored.The decision comes as global oil benchmarks have retreated in recent weeks reflecting easing supply concerns. The move is expected to gradually add supply to the market following months o ...