# Global Markets Report - 01 November

> Australian shares were set to open flat after a Wall Street dip, with traders awaiting a Fed decision expected to bring a 0.75 percentage point hike. Brent crude slipped 0.98 per cent to US$94.83 a barrel and gold eased.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39395-global-markets-report-01-november
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected Fed tightening supports the dollar and weighs on dollar-priced commodities, while crude's modest decline lowers energy and freight cost expectations for feed.

## Read by commodity

- DXY: bullish ▲
- BRENT: bearish ▼

## Sources

- morningstar.com.au: https://www.morningstar.com.au/markets/global-markets-report-01-november

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.