Close: London Session | Forex, Metals, Oil, Agriculture November 22, 2022

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Currencies

The dollar fell for the first time in four trading sessions, boosting all Group-of-10 currencies.

Metals

Oil and gold rose, while Bitcoin recovered after sliding 6% in the previous two sessions.

Oil

Maersk is seeing shorter vessel wait times in Southern California than in places including Texas, New Jersey and Georgia, the Copenhagen-based carrier said in a recent market update.

United States

Optimistic markets US equity futures eked out small gains, with both S&P 500 contracts and Nasdaq 100 futures climbing about 0.1% as of 5:38 a.m. in New York. They hope that means global inflation will slow to 3.5% early in the new year.The US is less lucky.

China

At the same time, bearish investors have already shifted their money to sectors more favored by Beijing, such as semiconductors, electric cars and bubble-tea chains. Investors are eyeing a turnaround in China tech, after two years of brutal suppression from Beijing.

Europe

Last week, former Bank of England rate-setter Michael Saunders told Bloomberg TV that the UK economy as a whole has been permanently damaged by Brexit. Since joining the EU in 2007, the Black Sea nation s population has fallen by more than 11% to 19.3 million. Alan Crawford British luxury goods retailer Fortnum & Mason hasn t sent its products to most EU nations this year. According to the Office for Budget Responsibility, Brexit will reduce UK GDP by 4% over the longer term.

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