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USD

USDNOK is up 0.49% in early trade

RUSSIA

USD/ZAR Retests its 100dma, FOMC & SARB In Focus

RUSSIA

SAGBs Trim Gains as Risk-Off Rattles Sentiment

EQUITIES

Yesterday's Nasdaq bounce

GILT SYNDICATION

50-year maturity date confirmed

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  • Wires report that OPEC+ have agreed to proceed with plans in January to go ahead with a 400,000 bpd output rise, running against expectations that the group could put pause to lifting output in the face of spiralling prices.
  • The decision has dragged WTI and Brent crude futures prices, pressuring WTI well through the week's lows and adding a solid anchor to equities prices as well as commodity-tied currencies.
  • e-mini S&P now approaching the week's lows printed yesterday at 4497.75.