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War in the Middle East and Inflation Lead this Week’s Headlines

Minneapolis, MN | October 12, 2023 | HedgeTalk Newsletter | By: John Trefethen, Director & Co-Founder


Table of Contents:

  1. Market Moving Headlines

  2. Interest Rates

  3. Currencies

  4. Commodities

  5. Quote of the Week

 

Market Moving Headlines

  • Israel declares war against Hamas following brutal surprise attack from Hamas in Israeli citizens.

  • US inflation rate remains higher than expected.

  • US jobless claims remain low and unchanged from the prior week.

  • Concerns of possible supply disruptions cause WTI crude futures to fall nearly 3%.

  • US producer prices rise more than expected.

  • Canadian building permits rise more than expected.

  • Fed to keep restrictive policy but future moves remain uncertain.

  • Gold holds gains after FOMC minutes.

  • Cotton at a 1-month low.

  • Sugar drops below 12-year high.

  • US natgas prices fall from an 8-month high.

 

Interest Rates

US Treasury Market Interest Rates Charts














2Y - 10Y Spread - Interest Rates














2Y - 10Y Spread Graph










 

Currencies

Currencies chart














Commodities
Commodities chart














 

Quote of the Week


“When the time for action arrives, the time for preparation has passed.” – Anonymous

 

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Author: John Trefethen, Director and Co-Founder

Mobile: 612-868-6013

Office: 952-746-6040


HedgeStar Media Contact:

Megan Roth, Marketing Manager

Office: 952-746-605

 

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