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  • ICE Canola Futures: Nearby Nov Canola Rallies, Underpinning Deferreds

    WINNIPEG, Manitoba--The ICE Futures canola market was mostly higher at midday Thursday, with a sharp rally in the nearby November contract ahead of its expiry and a steadier tone in the more actively traded deferred months. The speculative rally in the November contract was exaggerated as open interest dwindles in the front month front month ahead of first notices on Friday,. The rally in the front month did provide some spillover support for the other contracts, but bearish...

  • Manufacturing Activity in Central U.S. Picked Up Pace in October -- Kansas City Fed

    Factory activity in the U.S. central region gained momentum in October compared with the previous month, according to data from a survey compiled by the Federal Reserve Bank of Kansas City released Thursday. The Tenth District Manufacturing survey's composite index increased to 31 in October from 22 in September, beating the 23.5 forecast from economists polled by The Wall Street Journal. The indicator gauges manufacturing activity in firms located in the western third of...

  • U.S. Pending Home Sales Fell in September, Missing Expectations -- NAR

    The number of houses going under contract in the U.S. declined in September after rising sharply in August, according to data from the National Association of Realtors released Thursday. Here are the report's main takeaways:. --The Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, decreased 2.3% to 116.7 in September compared with the previous month.

  • ICE Canola Futures Contracts Reaching New Highs

    WINNIPEG, Manitoba--Intercontinental Exchange canola futures were mixed on Thursday morning, with the nearby contracts hitting new highs. That included C $1,000 a metric ton for the November, which gets its first notice Friday. The much more deferred positions were taking a step back due to declines in the Chicago soy complex, the upfront contracts for European rapeseed and Malaysian palm oil.

  • Powell's Future at Fed Clouds Policy Outlook; Bank of Canada to Bring Quantitative Easing to End; Brazil's Selic Lifted Again

    Federal Reserve Chairman Jerome Powell will field questions about the central bank's outlook for economic growth, employment and inflation after next week's policy meeting, but questions about whom President Biden will name to lead the Fed next year will persist. Meanwhile, central banks around the world were busy, with the Bank of Canada saying it will end quantitative easing, the Central Bank of Brazil raising its benchmark interest rate and the Bank of Japan lowering its...

  • VERBATIM: ECB Lagarde's Monetary Policy Statement - Oct. 28, 2021

    FRANKFURT--The following is the full text of Christine Lagarde's monetary policy statement to the press, as provided on the ECB website:. Christine Lagarde, President of the ECB. Luis de Guindos, Vice-President of the ECB.

  • U.S. Economy Grew by 2.0% in 3Q

    The U.S. economy grew by 2.0% last quarter, with the Delta variant and supply issues dampening gains. Growth could accelerate during the holidays, analysts say. (END) Dow Jones Newswires 10-28-21 0848 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • German Inflation Rose by More Than Expected in October

    German consumer prices rose strongly in October, beating forecasts, according to preliminary data released by the German statistics office Destatis on Thursday. Consumer prices rose 4.5% on year measured by national standards, above the forecast of 4.4% of economists polled by The Wall Street Journal. They rose 4.6% on year by European Union-harmonized standards, above the forecast of 4.5%.

  • ECB Leaves Monetary Stimulus Unchanged Amid Surging Inflation

    FRANKFURT--The European Central Bank said it would keep its large monetary stimulus unchanged, delaying a decision on whether to phase out easy money in response to surging inflation as global supply-chain bottlenecks and shortages weigh on the region's recovery from the Covid-19 shock. While the eurozone economy has grown briskly in recent months as governments dialed back social restrictions, the region's economic output is only expected to return to its pre-pandemic...

  • Sinopec Corp Nine-Month Net Profit Surged on Demand, Prices

    China Petroleum& Chemical Corp. reported Thursday that its net profit for the first nine months of the year more than doubled, helped by rising oil demand and prices, it said in a filing to Shanghai Stock Exchange. The Chinese oil major, better known as Sinopec, said its net profit was 59.89 billion Chinese yuan in the period, compared with CNY23.51 billion in the same period last year. Operating income rose 29% to CNY2.003 trillion.

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