Agriculture
Benchmark futures have dropped below 100 ($99) per megawatt-hour for the first time since June, due to better-than-expected progress in filling storage facilities and mild weather.
Currencies
But the yuan continued to tumble, hitting the weakest level against the dollar since 2007. The dollar was little changed, while the pound extended gains above $1.13. Is the dollar a buy before the November meeting, or is there better value in stocks?
Metals
Oil, gold and Bitcoin all fell for a second-straight day.
United States
Meanwhile, higher interest rates also helped UBS beat profit estimates, enabling the bank to confirm a plan to return around $5.5 billion to investors this year. It was an even View in browser More big banks report earnings, the Fed grapples with billions of losses and the new UK prime minister inherits old problems. Fed Governor Christopher Waller is due to speak at 1:55 p.m. More notable earnings are also due, including Visa, Coca-Cola and Texas Instruments.
In the US, tech names dominate the earnings schedule, with Microsoft and Alphabet due to report. Coming Up European shares are poised for a flat start after more volatility in Chinese equities and a climb on Wall Street thanks to earnings cheer. Stocks retreat US equity futures are on the backfoot, with S&P 500 contracts down 0.4% and Nasdaq 100 futures falling 0.2% as of 5:43 a.m. in New York. UBS and HSBC reported better-than-expected profit, helped by higher interest rates. Analysts at UBS AG downgraded BlackRock to neutral from buy earlier this month, partly it said because of risks from the firm s ESG positioning.
As a result, UBS was left out of the group poised to help arrange the state s largest municipal-bond transaction. Recession warnings | JPMorgan Chase CEO Jamie Dimon and his Goldman Sachs counterpart David Solomon said a recession in the US and Europe is increasingly likely.
In the US, tech names dominate the earnings schedule, with Microsoft and Alphabet due to report. Coming Up European shares are poised for a flat start after more volatility in Chinese equities and a climb on Wall Street thanks to earnings cheer. Stocks retreat US equity futures are on the backfoot, with S&P 500 contracts down 0.4% and Nasdaq 100 futures falling 0.2% as of 5:43 a.m. in New York. UBS and HSBC reported better-than-expected profit, helped by higher interest rates. Analysts at UBS AG downgraded BlackRock to neutral from buy earlier this month, partly it said because of risks from the firm s ESG positioning.
As a result, UBS was left out of the group poised to help arrange the state s largest municipal-bond transaction. Recession warnings | JPMorgan Chase CEO Jamie Dimon and his Goldman Sachs counterpart David Solomon said a recession in the US and Europe is increasingly likely.
China
Today we talk to the American China-expert who managed to travel to Beijing, the state of the American consumer and what history warns about how fast inflation will fall. Today we talk to the American China-expert who managed to travel to Beijing, the state of the American consumer and what history warn View in browser Hello. Chinese tech shares plumbed new lows after Xi Jinping prevailed big-time during the twice-a-decade View in browser Hi all, this is Zheping in Hong Kong.
Chinese tech shares plumbed new lows after Xi Jinping prevailed big-time during the twice-a-decade Communist Party Congress. Instead, the country s top financial newspapers dedicated the bulk of their front pages to official news articles about President Xi Jinping.
Chinese tech shares plumbed new lows after Xi Jinping prevailed big-time during the twice-a-decade Communist Party Congress. Instead, the country s top financial newspapers dedicated the bulk of their front pages to official news articles about President Xi Jinping.
Europe
ECB options | Frankfurt policy makers are looking for ways to stop lenders from profiting unduly from higher rates. She had replaced Boris Johnson, who was essentially forced out by multiple scandals. EU and G-7 nations hold a Ukraine reconstruction conference. EU gas-price cap warning.
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