The Daily Chase: Oil under pressure; Cargotjet reports challenging quarter

Stock market futures are pointing to a muted open to kick off the day after a solid showing last week.

OIL DIPS ON CHINA GROWTH OUTLOOK

Another reminder that when China sneezes, energy markets catch a cold. Oil prices are down the better part of 1.5 per cent after Beijing said it expects growth to come in at around five per cent this year, shy of expectations for 5.5 per cent or so. Now, that’s still pretty robust growth – most western economies are in the one-to-two per cent range these days, but it’s a reminder of the impacts COVID lockdowns have had on the world’s second-largest economy.

BIG MISS FROM CARGOJET