EU divided on capping price of imported gas
U.S. commercial real estate’s energy efficiency
Netherlands’ inflation hits 17% in September
U.S. hiring strong despite sluggish GDP ($WSJ)
Nord Stream was sabotaged says NATO ($WSJ)
U.K. currency and debt market in crisis ($WSJ)
U.K. pension funds received margin call ($BBG)
Oil traders hunt for price floor
Low Earth Orbit satellites are proliferating
CHINA’s currency is trading close to its lowest level against the dollar since 2008 as U.S. interest rates rise while China’s economy struggles to end the cycle of coronavirus lockdowns:
CHINA’s manufacturers reported a slight increase in business activity this month after declines in the two prior months. The purchasing managers’ index rose to 50.1 (24th percentile for all months since 2011) in September from 49.4 (7th percentile) in August and 49.0 (2nd percentile) in July. The economy appears to have stabilised but is not growing significantly as a result of repeated city-level lockdowns and travel restrictions:
U.S INITIAL UNEMPLOYMENT claims fell to 193,000 last week, implying the labour market remains very tight, which will likely keep upward pressure on interest rates:
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