War in the Middle East and Inflation Lead this Week’s Headlines

Minneapolis, MN | October 12, 2023 | HedgeTalk Newsletter | By: John Trefethen, Director & Co-Founder

Table of Contents:

Market Moving Headlines

Israel declares war against Hamas following brutal surprise attack from Hamas in Israeli citizens.
US inflation rate remains higher than expected.
US jobless claims remain low and unchanged from the prior week.
Concerns of possible supply disruptions cause WTI crude futures to fall nearly 3%.
US producer prices rise more than expected.
Canadian building permits rise more than expected.
Fed to keep restrictive policy but future moves remain uncertain.
Gold holds gains after FOMC minutes.
Cotton at a 1-month low.
Sugar drops below 12-year high.
US natgas prices fall from an 8-month high.