Loading…
Investors weighed hawkish central bank policy and upside inflation surprises. Euro area headline HICP rose to 10.0%, while US PCE core inflation rose to 4.9% and US equities posted a third straight quarterly loss.
OPEC was holding a meeting that day.
Persistent inflation and tighter policy raise financing costs and can weigh on risk assets and demand. The OPEC meeting is a possible source of crude oil price moves that feed into biofuel and freight costs.
caixabankresearch.comOct 3, 2022After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
