Currencies
Dollar rally The dollar is trading near a record high. Monday brought a stark warning for Wall S View in browser Bearish sentiment is far from exhausted, UK markets stabilize and what will stop the dollar rally? Speculators are betting there’s worse to come, with option markets implying a 43% chance the pound will hit parity with the dollar before the end of the year. The dollar gauge hovered near a record high Monday. This week, MLIV Pulse survey is asking about the impact that the strong dollar has on other assets.
Are major economies, such as the euro zone or Japan, facing a currency crisis?
Are major economies, such as the euro zone or Japan, facing a currency crisis?
Oil
Europe s frenzied buying of liquefied natural gas means it s likely to have enough of the fuel this winter to offset supplies from Russia, according to BloombergNEF.
United States
Free falling | The continuing rout on Wall Street, with bonds sliding alongside equities, left investors increasingly convinced a recession is inevitable. Recession odds Monday brought a stark warning for Wall Street daredevils: bearish sentiment in equities is far from exhausted. Or would the technology and telecommunications companies be forced to negotiate deals?Some policymakers dream of just having a few operators across the union like the US.
The president s decision to forgive some federal student debt will cost the US Treasury at least $400 billion, the Congressional Budget Office estimated. This week s busy slate of Fed speakers continues, with Chair Jerome Powell, as well as Charles Evans and James Bullard at events today. The US sells $44 billion in 5-year notes.
The president s decision to forgive some federal student debt will cost the US Treasury at least $400 billion, the Congressional Budget Office estimated. This week s busy slate of Fed speakers continues, with Chair Jerome Powell, as well as Charles Evans and James Bullard at events today. The US sells $44 billion in 5-year notes.
Europe
European elections are coming in 2024, meaning the EU s executive arm has roughly a year left to make a proposal before its members become lame ducks. There will be more lobbying, more freakouts, and many more talks before the EU figures out what tech companies fair share actually is. It s the clearest signal yet that Nord Stream supplies won t return this winter, and comes as European Union leaders repeatedly accuse Moscow of weaponizing energy.
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