Close: London Session | Forex, Metals, Oil, Agriculture October 26, 2022



Wheat grain being harvested in Kryvyi Rih, Ukraine, on June 28.


Bloomberg s dollar gauge fell for a second day, sending the pound briefly above $1.16 and the euro back above parity.


Oil, gold and Bitcoin advanced.

United States

Shipstone says Drax plans to capture 8 million tons of carbon every year in the UK and an additional 4 million tons a year in the US. Its plans got a boost after the US passed its largest climate bill that provides $85 in tax credits for every ton of carbon dioxide buried for climate purposes. Drax says it won t provide the capture cost estimate citing commercial sensitivity, but confirmed it will top-up the US government subsidy by selling offset credits.
More solar | Enphase Energy, which makes components that convert solar electricity into usable energy, plans to open four to six manufacturing lines in the US. It is a big complex project that s what a project risk is, says Friedmann, who previously worked at the US Department of Energy overseeing carbon-capture projects. Stocks swoon US equity futures fell, with S&P 500 contracts down 0.7% and Nasdaq 100 futures seeing deeper losses of 1.6% as of 5:45 a.m. in New York. Drax says the first such plant in the US will be built by 2030.
As part of Covid emergency measures begun under the Trump administration, states have been barred from verifying eligibility for Medicaid since 2020. Medicaid s administrative muddle About 4 million children in the US have no health insurance. Nasdaq 100 Index futures lost as much as 2.4% in the aftermath of the results.


But the Politburo Standing Committee unveiled Sunday in Beijing shattered decades of expectations about how power is transferred in the world s second-largest economy.


Today we look at whether the events of 2022 mark the start of a new and dangerous era, upcoming interest rate decisions in Canada, Eu View in browser Hello. German Chancellor Olaf Scholz and French President Emmanuel Macron meet in Paris today to try to iron out tensions over energy and the future of European defense. Political criticism | Italian Prime Minister Giorgia Meloni followed Emmanuel Macron in piling pressure on the European Central Bank not to smash economies.