Agriculture
Soy dependence | China is redoubling its efforts to bolster food security by trying to cut the amount of soybeans that get turned into animal feed.
Currencies
A dollar gauge rose to yet another record as 10-year Treasury yields held near the highest in a decade. US data include S&P Global services and manufacturing PMI after private-sector activity in the euro zone contracted for a third month. Nations are being forced to go it alone in erecting defenses against the dollar s relentless strength.
Oil
Russian price cap | US Treasury officials say a plan to cap Russian oil prices will prevent European sanctions from pushing crude prices higher.
United States
So one of the things the Fed is trying to do here is make sure high inflation itself doesn t lead to higher inflation expectations. Today we look at an evolving part of the US labor market, Italy s weekend elections and what the profits of American companies are in View in browser Hello. The Fed’s hardening fight against inflation has affected all assets, with investors asking, why buy now when things could get cheaper still? Today we look at an evolving part of the US labor market, Italy s weekend elections and what the profits of American companies are indicating.
The bearish stance would say that rates are obviously heading much higher, even after a series of historically hawkish moves from the Fed. Housing slump The US housing market has gone from fear of missing out to just plain fear. Risk premiums on the US junk are averaging around 4.83 percentage points, below the 20-year mean of 5.1 percentage points. Bargain-Bin Bonds And if you re looking for a sale, most of the US investment-grade bond market is trading at a discount.
But that risks eroding demand for the US harvest just as American farmers are starting to gather their crop.
The bearish stance would say that rates are obviously heading much higher, even after a series of historically hawkish moves from the Fed. Housing slump The US housing market has gone from fear of missing out to just plain fear. Risk premiums on the US junk are averaging around 4.83 percentage points, below the 20-year mean of 5.1 percentage points. Bargain-Bin Bonds And if you re looking for a sale, most of the US investment-grade bond market is trading at a discount.
But that risks eroding demand for the US harvest just as American farmers are starting to gather their crop.
China
China worries | Economists are becoming increasingly pessimistic about China s economic outlook for next year, expecting any rebound to be bumpy under Beijing s Covid Zero strategy.
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