Morning Bit: Gimme Shelter | Reuters

A look at the day ahead in US and global markets from Mike Dolan. As the final quarter of an unremittingly dire year for world markets hoves into view, stocks and bonds have now cratered to new lows as central banks keep talking tough and debt strains mount across major economies. The blowup in British … Read more

China may extend refined fuel export quota into next year – sources

SINGAPORE/BEIJING, Sept 28 (Reuters) – China may tweak a proposed sharp increase in refined fuel export quotas for this year by extending the plan into next year, as it weighs the benefits to the economy of higher exports against low domestic stocks and operational challenges, four sources told Reuters. However, the four sources with direct … Read more

Morning Bid: Mini budget, major turmoil

A look at the day ahead in European and global markets from Anshuman Daga What was meant to be a mini-budget is still thundering across financial markets. While British finance minister Kwasi Kwarteng remarked on Sunday that he was focused on growth, not market moves following the carnage in the pound and bond prices, everyone … Read more

Morning Bid: Eye of the storm

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in US and global markets from Mike Dolan. As Hurricane Ian raged and set its sights on Cuba and Florida, a global financial storm in bond and currency markets calmed moderately – though likely only temporarily. Ian strengthened into a … Read more

Pressure in defunct Nord Stream 2 pipeline plunges overnight, cause unknown

A pressure gauge is seen at the landfall facility of the Baltic Sea gas pipeline Nord Stream 2 in Lubmin, Germany, September 19, 2022. REUTERS/Fabrizio Bensch/File Photo Register now for FREE unlimited access to Reuters.com Register BERLIN, Sept 26 (Reuters) – Authorities in Germany are trying to establish what caused a sudden drop in pressure … Read more

Morning Bid: Unstable cable | Reuters

US Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in US and global markets from Mike Dolan. Britain’s gamble to spur growth with unfunded tax cuts into an inflation surge has morphed into a … Read more

APPEC US official rules out secondary sanctions for Russian oil price cap

The oil tanker Minerva Virgo, docked at the oil terminal, is seen after leaving a Russian port around the time that nation invaded Ukraine in late February, since US President Joe Biden on March 8 banned the importation of Russian energy, giving buyers until late April to wind down purchases, as several tankers linked to … Read more

Morning Bit: Pounded | Reuters

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in European and global markets from Tom Westbrook Sterling’s freefall extended to new lows on Monday as investors emphatically reject British finance minister Kwasi Kwarteng’s program of subsidies and unfunded tax cuts. The pound, the most liquid method for betting … Read more

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE response Euro down 1%; Aussie, kiwi, yuan hit multi-year lows S&P 500 futures drop 0.6% SYDNEY, Sept 26 (Reuters) – Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, … Read more

Russia’s Gazprom to keep gas supply to Europe via Ukraine stable on Sunday

Gazprom logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Sept 25 (Reuters) – Russia’s Gazprom (GAZP.MM) said it will pipe 42.4 million cubic meters (mcm) of gas to Europe via Ukraine on Sunday, the same … Read more