Open: New York Session | Forex, Metals, Oil, Agriculture May 24, 2022

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

Agriculture

India to limit sugar exports.

Currencies

The dollar edged lower, while gold prices gained. The dollar gets pummelled by Lagarde.

Oil

Windfalls from high power prices are hard to grab and North Sea oil is a better target. Oil prices were up.

United States

BEFORE THE BELL U.S. stock index futures fell as a weak forecast from Snap hit shares of social media companies, a day after Wall Street enjoyed a relief rally. U.S. stock index futures fell as a weak forecast from Snap hit shares of social media companies, a day after Wall Street enjoyed a relief rally. More China analysts are coming around to this view, saying the US must respond in kind to an increased threat from Beijing. Composite data for the US economy may show a slight decline to 55.7.
S&P 500 contracts fell 1.3% while those on the Nasdaq 100 tumbled 1.9% as of 5:45 a.m. New York time. After disruptions from the pandemic and restrictions imposed during the Trump administration, immigration is on the rebound. Fed policymakers back two more big rate hikes, but then what? Rich Fed Composite Index for May : Prior 14 1000 (approx.) Rich Fed Services Index for May : Prior 13 1000 (approx.)

China

China Coal Expansions Threaten Higher Methane Levels Worldwide Beijing s fossil fuel push could jeopardize its own short-term climate targets, according to a report.

Europe

In a blog post on Monday, Lagarde laid out a prospective timetable for two quarter-point interest-rate hikes.

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