FOLLOW THE THREAD
Monetary confidence, real rates, and precious metals.
108 issues · 1–12 shown
Markets closed: levels unchanged
Tankers were reported attacked in the Strait of Hormuz on two days running. On Thursday, a tanker was hit by explosives fixed to its hull from a small boat, Reuters reports, citing the UK's maritime security service, UKMTO.
The US economy grew at a 3.4 percent annual rate in the third quarter, the Bureau of Economic Analysis's advance estimate shows. Consumer prices on the bureau's PCE measure rose 3.6 percent in the year to September, and 3.1 percent without food and energy.
The Federal Reserve kept its target range at 3.75 to 4 percent on Wednesday, by a 10-2 vote, its statement says. The two dissenters, Lisa D.
No change on the scoreboard today
Early on Tuesday, Yemen's Houthis claimed a missile strike on Saudi Arabia's Ras Tanura oil terminal. A fire broke out near the terminal and was later contained, Bloomberg reported, as carried by Al-Monitor.
No change on the scoreboard today
A local ceasefire around Oleshky, in southern Ukraine, took effect at 3 a.m. Kyiv time on October 27.
Markets open the week into three dated tests. The Fed decides on October 28.
Markets closed: levels unchanged
Russia and Ukraine said on Friday they had agreed a ceasefire around occupied Oleshky, and Zelensky said talks with Russia and the US were set for the first half of November, by The Moscow Times, drawing on Reuters. Both militaries gave October 27 as the start; the White House's own statement gives October 29.
The week opened quietly. Brent's front month settled between $108.79 and $109.55 from Monday through Wednesday.
Brent's front month settled Thursday at 113.17 on ICE, up 4.35. Its December 2027 contract settled at 86.58, a little lower than the day before.
Brent's front month settled Wednesday at 108.82 on ICE, up 3 cents. Its December 2027 contract settled at 86.77, a little higher.
Brent's front month settled Tuesday at 108.79 on ICE, down 0.76. Its December 2027 contract settled at 86.58.
Brent's front month settled Monday at 109.55 on ICE, down 0.31. Its December 2027 contract settled at 86.88.
THE DAILY EDITION
Geopolitics, the economic mechanism, and the evidence that could change the view.