Open: New York Session | Forex, Metals, Oil, Agriculture October 06, 2022

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


There s been at least a five-fold increase in the annual number of billion-dollar disasters over the past five years compared to the 1980s, even after adjusting for inflation. European stocks posted a small gain, while Treasuries fell and Bloomberg s dollar gauge rose. Finally, in 2022, we get a billion-dollar hedge fund started by a woman.


In our latest episode, Akshat Rathi sits down with entrepreneur Sandeep Nijhawan, whose startup Electra has developed a new way to make zero-emissions steel.


Oil face-off Oil is poised for a second weekly advance after the OPEC+ alliance agreed to the biggest production cut since 2020. Oil is poised for a second weekly advan View in browser Oil s outlook debated after OPEC+ cut, more UK gloom, and investors brace for life after rate hikes. In 2012, there were almost 70 countries building oil-fired power, more than 60 adding gas, and 24 building coal. Market activity for the three fossil fuel-fired technologies oil, natural gas and coal is shrinking.
A decade later, oil-fired power expansion shrank to 30 countries, gas-fired power to 42 and coal-fired power to just 15. The move prompted Goldman Sachs to raise its oil price forecast. Stocks retreat US equity futures extended declines and crude pulled back from session highs.

United States

The two are connected, but first… Today’s must-reads US health insurers are poised to accelerate price hikes next year, according to some Wall Street analysts. Meanwhile, the bond market found a new reason to justify a Fed pivot in the concept of the interest rate required to maintain financial stability. Secretive startup | When the US government blacklisted Huawei as a national security threat, it cut the Chinese company off from buying American semiconductors and other critical technologies.
Regional Fed presidents Mary Daly and Raphael Bostic are the latest to bang the drum that policy needs to remain tight until inflation is under the control. Influenza virus Photographer: BSIP/Universal Images Group Editorial This flu season in the US is expected to be a bad one based on trends from the Southern Hemisphere. China, the US, Japan and India were the biggest solar markets during that time; China, the US, India and Germany were the biggest for wind.
While still rare, suicide is the 11th highest cause of death in the US, bumped down from 10th by Covid itself, Frey says. Employment of disabled adults in the US hit a high water mark in 2022. Republicans are fielding a more racially diverse array of candidates in the US midterms. Coming up Traders are set for another big day of Fed speakers.


The ECB publishes an account of its September meeting.