Close: London Session | Forex, Metals, Oil, Agriculture November 03, 2022



Plus, it has a low glycemic index, so it doesn t cause blood sugar to spike. Wheat prices dropped on the news.


The dollar gained as investors looked toward US jobs data, which may help to determine the pace of upcoming rate hikes. Given the consensus-driven nature of Danish politics and the krone s peg to the euro, the result did not move the markets.


It estimates Chinese steel demand will fall 3.5% this year amid significant structural problems within the Chinese property sector and iron ore exports will weaken accordingly. Central bank gold | A normally dry research report jolted the gold market this week, when it pointed to massive but so far unidentified sovereign buyers. The September trade surplus was further bolstered by iron ore shipments to China, which climbed almost 9%.


return to force, but as they do the growth in wind and solar then means even more pressure on power generation from coal, gas and oil. Coal demand peaks this decade, natural gas by the end of the decade, and oil by the mid-2030s. A moderation in Brent since then should drag on LNG shipments abroad in coming months, it said.

United States

I ve been crisscrossing the US this year, meeting people affected by long Covid and the experts trying to unravel exactly what causes it and how to treat it. I ve been crisscrossing the US this year, meeting people affected by long Covid and the experts trying to unrav View in browser Hi, it s Jason in Melbourne. Fed hikes Federal Reserve Chair Jerome Powell left little doubt that he is prepared to push rates as high as needed to stamp out inflation.
Risk off Risk appetite was sapped after Powell said the Fed would raise interest rates more than previously anticipated. Federal Reserve Chair Jerome Powell View in browser Fed rate hikes will go higher, Elon Musk plans changes at Twitter and China is committed to Covid-Zero. The global outlook | Brexit, the US-China trade war, Russia s invasion of Ukraine and more such geopolitical surprises will continue the economic upheaval, according to Bloomberg Economics. The last time a tech billionaire was talking this much about spam was almost 20 years ago when the Microsoft Corp. co-founder testified to the US Senate about email.
The Fed raised rates by 75 basis points for the fourth time in a row, lifting its benchmark to a 3.75%-4% range, from nearly zero in March. Chip talks | The US and Netherlands are expected to hold a new round of talks this month on restricting China s access to advanced chip technologies. As the US counts down to midterm elections and COP27, Americans are taking stock of whether President Joe Biden has lived up to his climate promises.


Rebecca Choong Wilkins A delegate outside the Communist Party Congress in Beijing on Oct. 22.


There s little consensus within the EU, even as more leaders acknowledge the need to treat China more like a rival, without getting drawn into Washington s hostile agenda. Brexit friction | An error in the UK s post-Brexit IT border system disrupted companies bringing goods in from the European Union, raising costs, adding bureaucracy and snarling deliveries.