Natural gas futures retreated on Monday amid weaker market signals; including storage capacity extensions. This has sent November prices as much as 46 cents below Friday’s close. The November Nymex contract ultimately settled Monday at $6.470/MMBtu, down 29.6 cents. Gas prices recovered on Monday, led by large upward swings on …

Gold price is holding on the $1701 per ounce level during the first US trading session in October. Gold seems to be currently defending its gains amid a broadly weaker US dollar. However, some economists believe that it stays immersed in a strong downtrend despite the recent respite afforded by …

In a striking twist of incidents, the UK government announced on Monday a U-turn of its latest expensive and unfunded tax cut policy. After the Bank of England’s intervention last week to calm the bond market, the British pound rallied and was able to consolidate for a while.While the Prime …

New York Fed President John C. Williams, on Monday, said that the Fed still has a way to go, cites 4.6% median `23 dot.In earlier comments, Williams pointed to three layers of inflation, comparing it to an onion. “The outer layer consist of prices of globally traded commodities such as …

Bank of England policymaker Catherine Mann has said that UK inflation expectations are not de-anchored, has some concerns about medium-term upward drift.The Bank of England reaffirmed on Monday its willingness to buy up to 5 billion pounds ($5.65 billion) of long-dated bonds at each of its daily auctions, after rejecting …

US stocks rallied, on Monday, after the S&P 500 and Nasdaq Composite closed out their first three-quarter losing streak since the 2008 Global Financial Crisis and the Dow logged its first such span of losses since 2015.The benchmark S&P 500 index soared 2.4%, while the Dow Jones Industrial Average jumped …

ISM Manufacturing Index dropped during September more than expected to the lowest level in two years. According to analysts, key measures point to slowing economic activity, but it inventories that hold the key to understanding what is happening in the US economy. Companies seem tired of having input prices that …

Several companies are making the biggest midday moves in Wall Street including Credit Suisse shares that rose 1.7%, reversing an earlier decline that sent the stock to a record low, after the bank over the weekend made a series of calls to calm investor fears about its financial health. In …

UK Finance Minister Kwasi Kwarteng acknowledged on Monday that the fiscal plan introduced by the government caused “a little disturbance” in markets. The GBP/USD pair preserves its bullish momentum after these comments and it was last seen rising 1.35% on the day at 1.1312.Additional takeaways“No more distractions”.“Our growth plan makes …

Oil prices dipped on Friday in mixed trading but notched its first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on October 5. Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%, …