Open: London Session | Forex, Metals, Oil, Agriculture May 26, 2022

investors

Currencies

At one point touted as the next trillion-dollar company, its market cap is now about to breach $400 billion.

Oil

Buyers are using creative ways to maintain flows as more shipowners shun Russian oil due to the potential fallout from financial sanctions, according to shipbrokers. At least one Chinese buyer really wants Russia s crude.

United States

Coming Up European shares are headed for a muted start as Asian stocks wavered, with investors assessing the outlook for China’s economy alongside Fed minutes. The month has seen the US stock market mete out immediate and cruel punishment to companies that admit to any problem with growth. The economists at the Fed have shifted their estimate for inflation at the end of this year upward again. The Fed s own forecast, via the dot plot that will be updated next month, is the most conservative.
But every so often, the Fed s governors can choose to use them to stage their message. It s been steadily positioning itself for the Fed to be somewhat less aggressive. The US reports GDP while Italy issues consumer confidence data. Fed comments.

Europe

Boris Johnson tries to leave partygate behind.

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