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October 13th, New York Update: Global Markets and Geopolitical Briefing

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Manage episode 513356984 series 3683267
Content provided by Financial Source. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Financial Source or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Show notes — FX, commodities, trade & geopolitics

FX

  • USD steadies after Friday’s wobble; support from softer EUR and ebbing haven demand.
  • JPY weaker after holiday-gap swings; Japan’s MoF reiterates vigilance against disorderly FX moves.
  • EUR constrained as ECB’s Vujčić signals comfort with current stance; French politics still a background drag.
  • GBP slightly softer amid UK budget/tax-raid chatter.
  • AUD/NZD firmer on risk rebound and stronger base metals; BLS preparing to release Sep CPI despite shutdown—key for near-term USD path.

Commodities

  • Oil rebounds as weekend rhetoric softens; market awaits OPEC MOMR for fresh balance cues.
  • Iraq’s SOMO sets Nov Basrah OSPs: small Asia premia vs Oman/Dubai; discounts vs Brent to Europe.
  • Gold near record highs after Asian session pop; silver supported by shrinking freely available stocks in London.
  • Copper firmer on improved risk tone and China trade resilience.

Tariffs & trade

  • US President tempers tone after 100%-tariff threat; says US wants to “help” China, but threat not withdrawn.
  • China defends Oct 9 rare-earth export controls as license-based, not a blanket ban; imposes special port fees on US-related vessels in response to US measures.
  • USTR: outreach to Beijing after export-control move; reports “progress” with Cambodia.
  • Canada drafting industrial strategy to diversify markets and favor domestic procurement amid US tariffs.
  • Switzerland–China to accelerate FTA upgrade talks; Indian delegation in US this week, signaling more US energy buys.

Geopolitics

  • Gaza: Cairo summit today to formalize plan; Israel says framework approved and hostage releases to begin; Hamas says deal includes withdrawal and prisoner swap.
  • Iran rules out joining Abraham Accords; says message exchanges with US continue.
  • Ukraine: strikes hit energy infrastructure; Kyiv claims drone strike on Russia’s Bashneft refinery; US weighing options, Zelensky pushes air-defense support.
  • Pakistan–Afghanistan border clashes prompt mediation;
  • South China Sea: Philippines–China vessel collision dispute near Sandy Cay;
  • DPRK deepens coordination with Russia; pledges tighter ties with China.

Policy/other market-relevant headlines

  • BLS preparing Sep CPI release despite shutdown (timing TBC).
  • US Fed extends Fedwire/NSS operating days to Sundays/holidays (payments plumbing).
  • Netherlands tightens oversight of Nexperia on governance concerns.
  • US FCC: e-commerce platforms removing prohibited Chinese electronics.
  continue reading

86 episodes

Artwork
iconShare
 
Manage episode 513356984 series 3683267
Content provided by Financial Source. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Financial Source or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Show notes — FX, commodities, trade & geopolitics

FX

  • USD steadies after Friday’s wobble; support from softer EUR and ebbing haven demand.
  • JPY weaker after holiday-gap swings; Japan’s MoF reiterates vigilance against disorderly FX moves.
  • EUR constrained as ECB’s Vujčić signals comfort with current stance; French politics still a background drag.
  • GBP slightly softer amid UK budget/tax-raid chatter.
  • AUD/NZD firmer on risk rebound and stronger base metals; BLS preparing to release Sep CPI despite shutdown—key for near-term USD path.

Commodities

  • Oil rebounds as weekend rhetoric softens; market awaits OPEC MOMR for fresh balance cues.
  • Iraq’s SOMO sets Nov Basrah OSPs: small Asia premia vs Oman/Dubai; discounts vs Brent to Europe.
  • Gold near record highs after Asian session pop; silver supported by shrinking freely available stocks in London.
  • Copper firmer on improved risk tone and China trade resilience.

Tariffs & trade

  • US President tempers tone after 100%-tariff threat; says US wants to “help” China, but threat not withdrawn.
  • China defends Oct 9 rare-earth export controls as license-based, not a blanket ban; imposes special port fees on US-related vessels in response to US measures.
  • USTR: outreach to Beijing after export-control move; reports “progress” with Cambodia.
  • Canada drafting industrial strategy to diversify markets and favor domestic procurement amid US tariffs.
  • Switzerland–China to accelerate FTA upgrade talks; Indian delegation in US this week, signaling more US energy buys.

Geopolitics

  • Gaza: Cairo summit today to formalize plan; Israel says framework approved and hostage releases to begin; Hamas says deal includes withdrawal and prisoner swap.
  • Iran rules out joining Abraham Accords; says message exchanges with US continue.
  • Ukraine: strikes hit energy infrastructure; Kyiv claims drone strike on Russia’s Bashneft refinery; US weighing options, Zelensky pushes air-defense support.
  • Pakistan–Afghanistan border clashes prompt mediation;
  • South China Sea: Philippines–China vessel collision dispute near Sandy Cay;
  • DPRK deepens coordination with Russia; pledges tighter ties with China.

Policy/other market-relevant headlines

  • BLS preparing Sep CPI release despite shutdown (timing TBC).
  • US Fed extends Fedwire/NSS operating days to Sundays/holidays (payments plumbing).
  • Netherlands tightens oversight of Nexperia on governance concerns.
  • US FCC: e-commerce platforms removing prohibited Chinese electronics.
  continue reading

86 episodes

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