Close: London Session | Forex, Metals, Oil, Agriculture December 09, 2022

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Agriculture

Ukraine wheat | Ukraine has lost at least $1 billion of wheat that was harvested in areas controlled by Russia, according to researching using NASA data.

Currencies

Futures climb US futures climbed ahead of the data while the dollar trimmed some of its earlier losses.

Metals

But, the silver lining is that the property down-cycle looks to be a growth risk rather than a systemic risk. Gold could even hit $3,000 next year, Saxo says. Gold and oil rose, while Bitcoin was range-bound at around the $17,000 level.

Oil

ABB is still a minor player next to big funds and the oil and gas industry. 2 economy and its top supplier of crude.

United States

The main data releases in the US today cover producer prices and consumer sentiment via the University of Michigan release. Soft landing | Yellen also stood by her forecast that the US economy will avert recession, defying fellow economists and investors. The US is preparing fresh sanctions on Russia and China for what it describes as human rights abuses by both countries, a source says. S&P 500 futures rose 0.3% and Nasdaq 100 contracts were up 0.4% as of 5:35 a.m. New York time.

China

Which country is planning new controls on exports of chipmaking equipment to China, aligning it more closely with US curbs on Beijing?

Europe

Curbing deforestation | The EU sealed deal to curb its role in global deforestation through its supply chains for key commodities. London’s Big Bang dropped from post-Brexit plan.

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