Today’s Trading Prospects
China’s October Caixin Manufacturing PMI
Japan, South Korea, Taiwan’s October manufacturing PMI final value
RBA November interest rate decision
US September JOLTs Job Openings, October Markit Manufacturing PMI Final Value, ISM Manufacturing Index
Biden warns energy companies of windfall tax
With the US midterm elections approaching, US President Biden on Monday (31st) called on oil and gas companies to increase production and reduce the cost of living for Americans, or they will be taxed on windfall profits.Read the full article…
JPMorgan: Global central bank tightening cycle could end early next year
After Morgan Stanley, JPMorgan joined Wall Street strategists in believing that the global central bank rate hike cycle could come to an end early next year.Read the full article…
OPEC raises mid- and long-term global oil demand forecast, calls for investment to meet demand
The Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global medium- and long-term oil demand in its annual outlook report released on Monday (31st), and said that despite the energy transition, an investment of $12.1 trillion is still needed to meet strong market demand.Read the full article…
Fed’s microphone re-issued central bank hawkish expectations rekindled
Just before the Federal Reserve (Fed) is about to hold monetary policy, Nick Timiraos, a reporter for the Wall Street Journal (WSJ), known as the Fed’s loudspeaker, issued an article on Sunday (30th) that the central bank’s interest rate may rise in order to cool inflation. More than expected, and high interest rates will continue for a longer period of time.Read the full article…