Open: New York Session | Forex, Metals, Oil, Agriculture October 26, 2022

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

Agriculture

Wheat grain being harvested in Kryvyi Rih, Ukraine, on June 28.

Currencies

Bloomberg s dollar gauge fell for a second day, sending the pound briefly above $1.16 and the euro back above parity.

Metals

Oil, gold and Bitcoin advanced.

United States

More solar | Enphase Energy, which makes components that convert solar electricity into usable energy, plans to open four to six manufacturing lines in the US. Still, Fed officials will need evidence of a much more significant slowdown before they start to walk back from their aggressive push to get a handle on sky-high inflation. Stocks swoon US equity futures fell, with S&P 500 contracts down 0.7% and Nasdaq 100 futures seeing deeper losses of 1.6% as of 5:45 a.m. in New York.
As part of Covid emergency measures begun under the Trump administration, states have been barred from verifying eligibility for Medicaid since 2020. Nasdaq 100 Index futures lost as much as 2.4% in the aftermath of the results. Medicaid s administrative muddle About 4 million children in the US have no health insurance. But the more companies are able to do this, the more reason the Fed has to be aggressive. The US will sell $43 billion of five-year notes.

China

But the Politburo Standing Committee unveiled Sunday in Beijing shattered decades of expectations about how power is transferred in the world s second-largest economy.

Europe

Today we look at whether the events of 2022 mark the start of a new and dangerous era, upcoming interest rate decisions in Canada, Eu View in browser Hello. German Chancellor Olaf Scholz and French President Emmanuel Macron meet in Paris today to try to iron out tensions over energy and the future of European defense. Political criticism | Italian Prime Minister Giorgia Meloni followed Emmanuel Macron in piling pressure on the European Central Bank not to smash economies.

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