Open: New York Session | Forex, Metals, Oil, Agriculture December 14, 2022

A member of the National Guard plays a trumpet during a flag rai

Currencies

Meanwhile, the dollar extended its post-CPI declines, while Treasuries rallied for a second day.

Metals

Gold and Bitcoin were fairly muted and oil rose.To catch up on the trading day in the UK and Europe, check out today s edition of City Latest.

United States

Coming up… At 2 p.m., all eyes will be on the Fed decision, with Powell s press conference to follow 30 minutes later. Stocks stall The rally in US futures stalled as traders geared for the Fed decision. Meanwhile, annual headline inflation in the US for November came in at 7.1%, lower than expected. The Bahamas-based FTX founder indicated he would fight extradition to the US. S&P 500 and Nasdaq 100 contracts were little changed as of 5:35 a.m. New York time.

China

Infections are surging in Beijing, disrupting official government work and keeping people at home.

Europe

EU policymakers agreed to raise $21 billion from the region s carbon market to help finance the bloc s strategy to wean itself off Russian gas. The EU will propose an $11 billion investment package to countries in Southeast Asia as Europe seeks to strengthen ties with the region to diversify supply chains. News to Note German Chancellor Olaf Scholz called for closer US-EU cooperation, urging the transatlantic allies to resolve differences over green subsidies pushed by Biden s administration.

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