Oil Production Faces Ongoing Headwinds
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| 📚 Daily Digest | Thursday, Sep 29, 2022 | | |  | | | | Bond Selloff, Nike Earnings, Porsche IPO - What's Moving Markets | | |  | | © Reuters. | | The selloff in global bonds resumed and the dollar rose again after a sharp short-covering rally in risk assets on Wednesday. Stocks are set to open under pressure, accordingly. Nike and Micron are set to report earnings after the close, while Porsche rises on its debut after pricing its IPO at the top of its range. In the U.K., the pound, bonds, and stocks all fell again as Prime Minister Liz Truss doubled down on her budget-blowing tax cuts policy, while in Germany inflation continued to roar as the start of winter brought more alarming economic news. Here's what you need to know in financial markets on Thursday, September 29. | | | | | | | | | | | | | | | | |
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