Close: London Session | Forex, Metals, Oil, Agriculture October 25, 2022

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

Agriculture

Benchmark futures have dropped below 100 ($99) per megawatt-hour for the first time since June, due to better-than-expected progress in filling storage facilities and mild weather.

Currencies

The dollar was little changed, while the pound extended gains above $1.13. Is the dollar a buy before the November meeting, or is there better value in stocks?

Metals

Oil, gold and Bitcoin all fell for a second-straight day.

United States

It was an even View in browser More big banks report earnings, the Fed grapples with billions of losses and the new UK prime minister inherits old problems. Meanwhile, higher interest rates also helped UBS beat profit estimates, enabling the bank to confirm a plan to return around $5.5 billion to investors this year. Fed Governor Christopher Waller is due to speak at 1:55 p.m. More notable earnings are also due, including Visa, Coca-Cola and Texas Instruments.
In the US, tech names dominate the earnings schedule, with Microsoft and Alphabet due to report. Stocks retreat US equity futures are on the backfoot, with S&P 500 contracts down 0.4% and Nasdaq 100 futures falling 0.2% as of 5:43 a.m. in New York. Analysts at UBS AG downgraded BlackRock to neutral from buy earlier this month, partly it said because of risks from the firm s ESG positioning. As a result, UBS was left out of the group poised to help arrange the state s largest municipal-bond transaction.
Recession warnings | JPMorgan Chase CEO Jamie Dimon and his Goldman Sachs counterpart David Solomon said a recession in the US and Europe is increasingly likely. This week s MLIV Pulse survey focuses on the best Fed bets. But so far, not clear.Meanwhile for the Fed, the big fish is labor.

China

Today we talk to the American China-expert who managed to travel to Beijing, the state of the American consumer and what history warns about how fast inflation will fall. Today we talk to the American China-expert who managed to travel to Beijing, the state of the American consumer and what history warn View in browser Hello. Chinese tech shares plumbed new lows after Xi Jinping prevailed big-time during the twice-a-decade View in browser Hi all, this is Zheping in Hong Kong.
Chinese tech shares plumbed new lows after Xi Jinping prevailed big-time during the twice-a-decade Communist Party Congress.

Europe

ECB options | Frankfurt policy makers are looking for ways to stop lenders from profiting unduly from higher rates. She had replaced Boris Johnson, who was essentially forced out by multiple scandals.

0