Close: London Session | Forex, Metals, Oil, Agriculture January 26, 2023



Nokia’s fourth-quarter comparable operating profit rose to 1.15 billion euros from 908 million last year, beating the 924.6 million euro mean forecast of 10 analysts polled by Refinitiv. One dollar out of every six invested over the last 18 years flowed in 2022. The U.S. dollar inched higher against a basket of major currencies. Gold prices eased as the dollar firmed.


BEFORE THE BELL Canada’s main stock index futures were subdued as gold prices dipped. Bonds and gold edged lower.To catch up on the trading day in the UK and Europe, check out today s edition of City Latest.


Kinder Morgan Inc: U.S. funding for clean energy projects will help the energy pipeline operator accelerate its investments in renewable natural gas and carbon sequestration, executives said on Wednesday. Last year the administration of President Joe Biden called for oil producers to instead invest in production to reduce energy prices for consumers and raise investments in renewable energy. Valero Energy Corp: The refiner topped profit estimates, boosted by higher demand for fuel and healthy refining margins as crude supplies remained tight.
Oil prices picked up after U.S. crude stocks climbed less than expected.

United States

Meanwhile, ad agency executives said Trump’s potential return to Facebook and Instagram is unlikely to change how advertisers spend money with the world’s second-largest digital ad company. In his blog post Wednesday about bringing Trump back, the executive said that reasonable people could disagree with Meta on anything it does. Northrop Grumman Corp: The U.S. defense contractor forecast full-year sales above Wall Street estimates, as it benefits from strong demand for weapons from countries ramping up their defense spend.
It s time to make bets on how long former President Donald Trump gets to keep his Facebook account before he violates the rules again. The restoration of his accounts could provide a boost to Trump, who announced in November he will make another run for the White House in 2024. That could mean Trump gets another significant suspension right out of the gate. In those cases, Meta says it will limit the distribution of such posts, and may not show them to people who follow Trump s Facebook page.
Coming up At 8:30 a.m., the US is due to report a raft of economic data, with fourth quarter growth numbers taking center stage. Here are the rules Trump must abide by to avoid penalties including a further suspension. If we know anything about Trump, it s that he loves an audience, and Facebook offers him instant access to 34 million people.