Niger bans diesel and premium petrol exports
Niger’s ministry of trade and industry said it banned exports of diesel and premium petrol to address fuel supply challenges the country had faced in recent days.
Market Context archive
European Natural Gas Near €87/MWh, Highest Since 2022
European natural gas prices hovered near €87 per megawatt-hour on Thursday, their highest level since 2022, amid Persian Gulf supply risks and low winter storage reserves.
WASDE wheat ending stocks reach 740 million, above forecast and previous reading
The WASDE report put wheat ending stocks at 740 million, above the 720 million forecast and the previous 717 million.
China and EU agree to discuss restrictions on inverter imports
China and the European Union agreed to discuss the EU’s restrictions on imports of inverters.
China yuan-denominated imports rose 22.3% in January–September
China's yuan-denominated imports rose 22.3% year over year in January–September, according to customs.
Arabica futures near one-week high on Colombian supply signs and Brazil weather concerns
Arabica coffee futures traded around $2.92 per pound, near a one-week high, partly supported by signs of tighter supply from Colombia, the world's second-largest arabica producer.
Washington lifts restrictions on new U.S. routes from Mexico City’s two largest airports
Mexican airlines can expand service to U.S. cities after Washington lifted restrictions that had blocked new routes from Mexico City’s two largest airports.
France’s 10-year OAT yield eases to 4.85%, slightly below a more than two-decade high
France’s 10-year OAT yield eased to 4.85%, retreating slightly from a more than two-decade high, as markets scaled back expectations for European Central Bank tightening.
Sterling nears a more-than-three-month low around $1.32
Sterling slipped towards $1.32, near its lowest level in more than three months.
India’s rupee stabilization efforts weigh on bond market as rate-hike bets rise
The report says India’s efforts to stabilize the rupee are beginning to weigh on the bond market as traders increase bets on faster interest-rate hikes.
Iranian media report tanker ignited and exploded after striking a mine in the Strait of Hormuz
Iranian media report that Iran’s IRGC navy said an oil tanker ignited and exploded after striking a mine in the Strait of Hormuz.
Moody’s sees South Africa heading toward first rating upgrade since 2009
Moody’s Ratings said South Africa is heading in the right direction for its first credit-rating upgrade since 2009, provided fiscal performance continues to improve.
China Imposes Export Controls on Additional Drones and Machinery
China is imposing export controls on additional drones and machinery.