Close: London Session | Forex, Metals, Oil, Agriculture November 17, 2022

Good-Pub-Guide-2016-average-UK-beer-prices_wrbm_large

Currencies

The dollar traded near session highs, weighing on most Group-of-10 currencies.

Metals

Oil and gold fell, while Bitcoin pared earlier declines.

Oil

If the language of the draft of the so-called cover decision remains, it could expose deep divisions between top oil producers and climate-vulnerable countries.

United States

Lael Brainard Federal Reserve Vice Chair said the US central bank should soon moderate the size of its interest-rate increases in a fireside-chat event at Bloomberg s Washington bureau. The US will back a proposal to phase down all fossil fuels at a UN climate summit. What s next for abortion in the US after this year s midterm election results? Cautious markets S&P 500 futures fell 0.1% as of 5:21 a.m. in New York, while Nasdaq 100 contracts were flat.
The US Senate is on the cusp of codifying same-sex marriage.

China

With speeches and gestures in recent weeks, Xi has taken his most significant steps to create space between Beijing and Moscow since Putin invaded Ukraine. Stephanomics podcast | Investors were floored when Beijing started cracking down on homegrown tech giants. Global Headlines Turning away | Chinese President Xi Jinping s partnership with his Russian counterpart Vladimir Putin has limits after all.

0