Open: London Session | Forex, Metals, Oil, Agriculture August 27, 2021

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Currencies

Brent crude, used as the price basis for international oils, added 50 cents to USD 71.57.The dollar fell to 109.99 yen from Thursday’s 110.06 yen. The euro slipped to USD 1.1754 from USD 1.1759.

Oil

U.S. Gulf Coast gasoline prices rose in the past two sessions because of concerns around the storm. The scope of supply includes design, manufacture, installation, erection, commissioning and testing of the 3 x Oil & Gas fired boilers.

United States

While the global investors’ focus is on the all-important US Fed’s Jackson Hole symposium (August 26-28), geopolitical tension in Afghanistan has also affected the mood. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite declined by about 0.5-0.6 per cent. Bailouts have been provided to practically every sector and household – in particular in the US, but also in Europe. The AIT regimes of the Fed (and partly the ECB) have also solidified this conclusion.
ADF Foods plans to further strengthen the US distribution network. But the Taiwan market is up in the early deal.The US stocks slipped on Thursday. You will be charged $ + tax (if applicable) for The Wall Street Journal.

China

The new rules are likely to help Beijing exert more control over the complex corporate structure that China’s biggest tech companies use to sidestep restrictions on foreign investment.

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