Market Pulse - Commodities
US Q3 ECI rises as expected but private wage growth cools
A gauge of salary and benefits pressures in the US grew as expected over the three months to September, but only on account of the jump seen in the public sector.
Euro area economic sentiment continues to sour in October
Economic sentiment in the euro area continued to deteriorate in October, falling to its lowest level since November 2020, the results of a survey showed.
Glencore reports sharp year-to-date drop in output of several industrial metals
Glencore posted sharp declines in its output of several industrial and precious metals over the first nine months of 2022.
Week ahead: US, China CPI and UK employment in the spotlight
All eyes over the coming week will be on consumer price data covering the month of September due out in the US and China.
German industrial output misses forecasts in August
Industrial output in Germany undershot market forecasts in August although the underlying figures were a tad stronger than it initially appeared.
Berenberg downgrades Anglo American on poor operational delivery, economic headwinds
Analysts at Berenberg downgraded their recommendation for shares of Anglo American, citing "poor operational delivery" and macroeconomic headwinds.
Sector movers: Oil and Gas paces gains after OPEC+ announces 2.0m b/d output cut
Oil&Gas paced gains in the stockmarket on Wednesday after the Organisation of Petroleum Exporting Countries and its Russian-led allies surprised financial markets with a production cut that was twice what was expected.
OPEC+ mulling 1.0m barrel production cut
Brent crude oil futures jumped at the start of the quarter amid reports that the Organisation of Petroleum Exporting Countries and its allies may cut their combined output by approximately 1. 0m barrels a day.