Morse, head of commodities at Citigroup: The drag on oil demand in Europe and the United States has seriously affected crude oil prices, limiting the potential gains brought about by OPEC+ production cuts.

Morse, head of commodities at Citigroup: Declining oil demand will limit oil price increases.

According to Nikkei: Banks have conducted their own stress tests, but the Financial Services Agency believes their underlying assumptions are insufficient. Online banks with rapidly growing deposit bases will also be included in the stress tests.

According to Nikkei: Japan’s Financial Services Agency will review banks’ procedures for handling deposit outflows under credit stress.

According to Nikkei: Japan’s Financial Services Agency will conduct stress tests on approximately 20 banks by the end of June 2024.

According to Nikkei: Japan’s financial regulator plans to assess the country’s banks’ ability to withstand a run on deposits triggered by social media.

[The Central Bank of Ukraine announced that it will cancel the hryvnia fixed exchange rate policy from October 3] According to a report by Ukraine’s Interfax news agency on October 2, local time, the Central Bank of Ukraine announced that it would cancel the hryvnia fixed exchange rate policy from October 3. The US dollar fixed exchange rate system will implement a floating exchange rate system. A statement issued by the Central Bank of Ukraine stated that the Central Bank of Ukraine has maintained the official hryvnia exchange rate at 36.5686 Ukrainian hryvnias per US dollar since the end of July 2022, and will shift to a managed floating exchange rate system from October 3. At the same time, the Central Bank of Ukraine emphasized that it will continue to monitor the foreign exchange market situation and will prevent a sharp depreciation or sharp appreciation of the hryvnia. The Central Bank of Ukraine stated that the reasons for this decision were the steady progress in reducing inflation, the accumulation of large foreign exchange reserves, and the increase in hryvnia deposits.

Colombian Ministry of Energy: Colombia will keep fuel prices unchanged in October.

Market News: Ukraine removes Hungarian OTP Bank from list of conflict sponsors.

[U.S. government avoids shutdown triggering sell-off, 10-year and 30-year U.S. bond yields rise to multi-year highs] U.S. Treasury bonds fell on the first trading day after the U.S. government avoided a shutdown, after the U.S. Congress passed a temporary appropriation bill to allow the government to operate until 11 January 17th. This prompted the market to increase its bets on the Federal Reserve raising interest rates this year and further reduce its bets on cutting interest rates next year. The bond market kicked off the final quarter of the year in a new round of selling, with 10-year and 30-year U.S. Treasury yields hitting multi-year highs on Monday. The benchmark 10-year Treasury bond yield hit 4.7%, a new high since 2007, and the 30-year yield rose above 4.81%, a new high since 2010. U.S. Treasury yields from 5 to 30 years rose by more than 10 basis points on the day.

Brazilian Ministry of Commerce and Trade: Brazil exported 8.11 million tons of crude oil in September, compared with 5.72 million tons in the same period last year; exported 35.73 million tons of iron ore, compared with 36.12 million tons in the same period last year; exported 6.4 million tons of soybeans, compared with 4 million tons in the same period last year.

U.S. natural gas futures fell 3.00% during the day and are currently at $2.841/million British thermal units.

The Russell 2000 has turned from positive to negative so far this year as small-cap stocks struggle.

Federal Reserve Governor Barr: Generative artificial intelligence may also lead to the disappearance of some jobs and cause serious unemployment problems.

Federal Reserve Governor Barr: The potential positive and negative impacts of artificial intelligence could be "considerable."

Federal Reserve Governor Barr: Generative artificial intelligence has the potential to increase productivity growth and quickly improve the situation.