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An eventful start

The week is off to an eventful start with the UK government announcing its first u-turn, speculation mounting ahead of the OPEC+ meeting and Japan warning of another possible FX intervention. Equity markets have been flashing red once again on Monday as investors continue to fret over the outlook for the global economy. There remains considerable uncertainty over where the peak is for inflation and interest rates and how quickly they will fall thereafter.

03-10-2022 09:36 GMT by Craig Erlam

All eyes on OPEC+, gold ticks higher

How much will OPEC+ cut by? Markets have been awash with OPEC+ speculation this morning, with reports suggesting the group will consider an output cut in excess of one million barrels per day and that Saudi Arabia could unilaterally add to that. After a year of tolerating extremely high prices, missed targets and severely tight markets, the alliance seemingly has no hesitation when it comes to acting rapidly to support prices amid a deterioration in the economic outlook. Any cut will no doubt fr

03-10-2022 09:31 GMT by Craig Erlam