Metals
Or, as the polling guru Nate Silver put it, whether it s signal or noise.
Oil
Prices for natural gas and power are so high in Europe that some ethanol makers have considered shutting down plants. As in other countries, it s a requirement that ethanol be blended with gasoline in Europe.
United States
After the mini-budget, the markets moved to discount a whole extra percentage point of hiking by March, over and above the Fed, to bring the Bank Rate to 6%. Truss s premiership, Fed s rate hikes, energy crisis and a special Security Council briefing. With the mini-budget apparently decisively junked, there is now thought to be no need for the BOE to move any further than the Fed. The Nasdaq Golden Dragon China Index, which tracks US-listed Chinese shares, slumped 7% Wednesday to a nine-year low.
Europe
EU leaders begin a two-day summit in Brussels. Drone Sanctions | The EU agreed to sanction three Iranian individuals along with one entity for providing Russia with drones used to attack Ukraine.
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