Close: London Session | Forex, Metals, Oil, Agriculture December 19, 2022

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Currencies

Slower slowdown | The euro-area manufacturing downturn is easing as supply-chain snarls abate and inflation slows signaling the bloc s economic slump will be less steep than feared. The dollar retreated, giving all Group-of-10 currencies a boost.

Metals

Mining nickel | About 3,000 miles south of Beijing, Chinese mining companies have set up operations in the heart of the world s largest known nickel reserves. On the Indonesian islands of Sulawesi and Halmahera, they ve built refineries, smelters, a new metallurgy school even a nickel museum. Oil and gold rose, and Bitcoin headed for a second-straight day of gains.

United States

Mexico posted record exports of $52 billion in September, mostly thanks to strong consumer demand from the US. The US is due to sell $54 billion 13-week and $45 billion 26-week bills. Several Fed officials were even more hawkish than that. Upbeat markets S&P 500 and Nasdaq 100 futures both climbed about 0.4% as of 5:36 a.m. in New York. Right now the Fed seems skeptical that this can be maintained.

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