17:50:44
Draft G20 communiqué: The global economic outlook remains sluggish, unbalanced and increasingly polarized.
17:50:27
ECB Governing Council member Simkus: I don’t think there is a risk of Italy splitting.
17:49:57
ECB Governing Council member Simkus: Italian interest rate spreads demonstrate the need for fiscal prudence.
17:49:30
ECB Governing Council member Simkus: Wage growth is quite rapid.
17:48:34
ECB Governing Council member Simkus: But the conflict is the upside risk to inflation.
17:48:03
ECB Governing Council member Simkus: We cannot make hasty conclusions about the Israeli conflict.
17:47:56
The U.S. 10-year Treasury yield fell 7 basis points to 4.63%.
17:47:08
ECB Governing Council member Simkus: Worried about the impact of geopolitical risks on inflation.
17:45:51
G20 draft communiqué: Geopolitical and security issues may have a significant impact on the global economy.
17:45:25
Commerzbank: Cuts platinum year-end forecast to $950 per troy ounce (previously $1,100).
17:45:11
Market news: The G20 draft communiqué did not mention the Israel/Gaza incident.
17:44:15
Commerzbank: It expects palladium prices to rebound to $1,300 by the middle of next year and reach $1,400 by the end of 2024.
17:42:47
Commerzbank: Lowered its palladium year-end forecast to $1,250 per ounce (previously $1,600).
17:37:54
Commerzbank: Revised year-end forecasts for diesel and jet fuel to $900 per ton (previously $880) and $940 per ton (previously $920).
17:37:18
Brent crude oil rose 3.00% during the day and is now at US$88.83/barrel; WTI crude oil rose by 2.83% during the day and is now at US$85.81/barrel.
17:36:27
Commerzbank: We have raised our year-end Brent crude oil price forecast from US$85 to US$90 per barrel.
17:33:03
Prime Minister of Malaysia: The Malaysian government will start using electric vehicles as official vehicles.
17:27:28
Malaysian Prime Minister: Allocate 70 million ringgit to improve the sustainability of the palm oil industry and respond to the anti-palm oil movement.
17:23:48
UniCredit Chairman: Italian banks are much safer than they were 10 years ago.
17:20:42
UniCredit Bank Chairman: Not worried about Italy becoming a "patient" in Europe