Open: London Session | Forex, Metals, Oil, Agriculture October 28, 2022

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Agriculture

Here comes chocolate with half the sugar.

Currencies

With the interim government and interim leadership of the central bank, that thing with the euro zone just won t happen. This would leave it in the club of trillion-dollar companies, but only just, at $1.02 trillion.

United States

The troubled bank marked a historic move away from going toe-to-toe with the biggest Wall Street players to spin out a boutique investment bank. In an annual meeting Thursday, he accused the US and its allies of seeking global domination by pouring weapons into Ukraine and denied intending to use nuclear weapons. Friday s release of Personal Consumption Expenditure inflation data, the Fed s favorite measure and within days of a monetary policy decision, promises to be far more important.
Given the Chinese political stance and the pushback from the US, we can only expect heightened tensions and possibly additional sanction in the technology arena. Apple also fed the concern with soggy sales for key areas in iPhone and services.

Europe

Previously, the ECB had alerted that it expected to raise rates at the next several meetings. Now, under questioning, Lagarde was much more hedged: Our sense is that we have already made significant progress, as I said. Today’s Agenda All times CET 10 a.m. Commission President Ursula von der Leyen opens the EU Sustainable Investment Summit in Brussels.

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