2021-10-07 11:07:51
McConnell proposed to the Democratic Party to temporarily raise the debt ceiling to avoid the imminent risk of default:
US Senate Republican leader McConnell proposed to the Democrats to temporarily raise the debt ceiling until December, which will ease the imminent risk of default and may also involve the issue in the political war between the two parties at the end of the year. Senate Majority Leader Chuck Schumer has not yet made a public response, but he has called a meeting with Senate Democrats and is expected to exchange views with McConnell. At the same time, the Senate postponed a procedural vote to suspend the debt ceiling. McConnell proposed to increase the federal debt ceiling by a fixed dollar amount, enough for the Treasury Department to meet until December, when Congress needs to vote again to avoid federal debt default.
Putin said Russia can help stabilize the global energy market, and its exports to Europe could set a record:
Russian President Vladimir Putin stated that Russia is ready to help stabilize the global energy market and may export a record amount of natural gas to Europe this year. At the same time that Putin made the above statement, European natural gas and electricity prices broke historical records, impacted the stock and bond markets, and prompted the European Union to issue a warning. Some European officials said that the lower-than-expected supply of Russia, the largest energy supplier in Europe, is an important reason for the energy crisis.
European natural gas prices soared 60% in two days and then fell sharply. Putin expressed his stance to change market sentiment:
European natural gas prices fluctuated sharply on Wednesday. After a two-day surge of 60%, they quickly fell. Russian President Vladimir Putin previously stated that the country is ready to help stabilize the global energy market. Natural gas futures in the Netherlands and the United Kingdom fell by more than 7%, after the market was increasingly worried about energy shortages in Europe, and futures prices once hit a record high. US natural gas prices also fell by as much as 8.3%, and the settlement price hit a 12-year high one day ago, highlighting the volatility of the global natural gas market.
The Biden administration will take more measures when necessary to deal with rising oil prices:
White House spokesperson Jen Psaki said at the press conference that the Biden administration is "continuously paying attention" to energy prices and will "take more measures when necessary." Psaki: The White House has seen natural gas prices rise in parts of the United States, partly because of the impact of Hurricane Ida.
Financial Times: The United States raises the possibility of releasing emergency oil reserves:
The British "Financial Times" quoted US Secretary of Energy Jennifer Granholm's speech at an energy summit on Wednesday as reporting that she increased the possibility of releasing crude oil from the Strategic Petroleum Reserve and said that "all available tools are being discussed." Granholm does not rule out the possibility of imposing a ban on crude oil exports.
ADP data shows that the number of new jobs created by American companies reached the highest in three months:
The number of new jobs created by US companies in September exceeded expectations and the largest increase since June, indicating that as more and more Americans return to work, continued recruitment difficulties have begun to ease. According to data released by the ADP Research Institute on Wednesday, the number of employees in enterprises increased by 568,000 last month, and the data in August increased by 340,000 after revisions. Bloomberg survey economists estimate that the median value is an increase of 430,000.
Bitcoin continues to soar and its historical highs seem "not far away":
After the price of Bitcoin has soared by more than 30% in the past 7 days and hit the highest level since May, animal spirits in the market have risen again. This rise is in sharp contrast to the recent downturn in traditional assets such as stocks, bonds and gold in the face of concerns about high inflation and slowing economic growth. As of 10:13 New York time, Bitcoin has risen 5% to $54,079, which is approximately $9,331 below its historical high in mid-April.
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