9th October 2023
- Oil Surges as Hamas’ Attack on Israel Fans Middle East Tensions
WTI futures climb as much as 5%; more than 1,100 dead so far
War-risk premium returns as oil-producing region destabilized
https://blinks.bloomberg.com/news/stories/S28SEVT1UM0W
- Global Markets Face New Geopolitical Risk, View Oil as Guide
Markets already unnerved by elevated rates, hawkish Fed
Middle East crises tend to push up oil, hurt stocks: Yardeni
https://blinks.bloomberg.com/news/stories/S28GX2DWX2PS
- Fed’s Bowman Says She Expects Higher Rates Needed to Curb Prices
Renews warning that energy prices could reverse some progress
After hot jobs report, Fed policymakers next meet on Oct. 31
https://blinks.bloomberg.com/news/stories/S261Y8DWRGG0
- US Hiring Surges, Bolstering Case for Another Fed Rate Hike
Payrolls jumped 336,000 in September, topping all forecasts
Unemployment rate held at 3.8%, wages rose less than estimated
https://blinks.bloomberg.com/news/stories/S23ZC3T1UM0W
CLICK HERE TO READ THE FULL ARTICLE
For more information please contact Rubrics Asset Management. info@rubricsam.com.