Close: London Session | Forex, Metals, Oil, Agriculture January 14, 2022

672z311_1579281304_shutterstock_434098780

Agriculture

Raising cane | Supply-chain chaos in India looks set to hamper sugar shipments from the world s second-biggest producer, with a jump in local freight costs squeezing trader margins.

Currencies

The extra premium demanded on Ghana s sovereign dollar debt jumped on Wednesday to an average 1,105 basis points, from 683 basis points in September. Past & Prologue Data Watch Ghana s dollar bonds slumped 10% in 10 days, moving deeper into distressed territory.

United States

Turkey inflation | The nation s newly appointed finance chief said inflation will peak months earlier and at a level far lower than predicted by top Wall Street banks. All hawks Speaking of the Fed, the chorus of policymakers adding their voices to rate hike calls continues to expand. Markets mixed Growth stocks are under pressure again after further hawkish noises from those Fed policy makers.

Europe

The EU is already already facing a glut of pork that has sent prices close to multiyear lows. The Czech government won confirmation from lawmakers three months after elections, promising to repair relations with the European Union. EU defends airline slot rules after climate criticism. That s pushed the virus closer to Spain and France, two of the European Union s other important suppliers.

0