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ForexForexLive

New Zealand inflation slows to 3.7% in Q3, below forecasts, keeping RBNZ hike on track

The miss was too small to shift the policy outlook. Markets still price an October 28 hike as near certain and a cumulative 50 basis points of tightening by the end of February. The kiwi’s dip just below 0.57 suggests traders trimmed only the most aggressive hike bets. Oil is the key swing factor from here: the Middle East war is lifting fuel, fertiliser and transport costs, and with petrol…

CommodityOilPrice.com

Big Oil Eyes Record Profits but Keeps Spending in Check

Oil supermajors have been raking it in since the war in the Middle East began. They are now set to report another robust quarter, even as some jurisdictions where they operate plan to slap windfall taxes on them. The question now is what Big Oil will do with these profits. The answer: it probably won’t be a spending spree. They sure have the money for a spree. If the second quarter is any…

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