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Adam Button

White House: Biden will continue to direct SPR releases as appropriate

If only there was a pipeline that could improve North American energy security and production.Just yesterday the White House said it wasn't considering a further SPR release but that might have been a...

Cable extends decline to 240 pips

The wild volatility in the pound continues today with a 240 pips deop to 1.1238. The weekly gain has now been trimmed to about 100 pips as the US dolalr reasserts itself.The pound...

US dollar climbs as ISM services data argues for higher Fed rates for longer

The ISM services survey is one of the best forward-looking metrics of US economic strength and it was surprisingly strong in September at 56.7 vs 56.0 expected.That news sent the US dollar higher...

OPEC+ JMMC starts – report

<p>The recent series of OPEC+ meetings have been very short, some less than 10 minutes. But this is an in-person meeting and they&apos;re contemplating a large cut so it will likely take some...

US stock markets soar for the second day in a row

<p>US equities are now up more than 5% in just two trading days in October. That&apos;s an phenomenal start after a 9% decline in September.</p><p>Today&apos;s changes:</p><ul><li>S&P 500 +112 points to 3790 or +3.1%</li><li>DJIA+2.8%</li><li>Nasdaq...

Fed’s Jefferson: We have acted boldly and are committed to taking further steps

Restoring price stablity make take some time, will likely entail a period of below-trend growthElevated inflation is the problem that worries me mostJob market very tightSupply-demand conditions in labor market and economic seem...

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