Ethereum Futures: Key Breakout Zone Ahead (Apx. $3900)
Bipartisan Senate bill proposes shifting crypto oversight from SEC to CFTC. The industry support for the move should act as a tailwind for crypto.
China boosts domestic oil/gas output, cuts Russian imports. PetroChina leads $468B E&P spend. Stockpiling 1.3B barrels.
RBNZ inflation expectations: 1-year 2.39% (prior 2.37%) & 2-year 2.28% (prior 2.28% also) . Both results well within the target band. There is nothing here to divert the RVBNZ form its easing path to support the NZ economy.
BBC apologizes to Trump after $1B threat; ABC/CBS paid millions in settlements. Media faces costly legal battles.
Tesla’s China sales plunged 36% y/y in October to 26,006 units, the lowest in three years. Market share dropped to 3.2% as competition from Xiaomi intensified, though exports from its Shanghai plant hit a two-year high.
Oil steadies near $64/bbl as WTI spread narrows to 9c, signaling less tight conditions. US futures down 16% YTD on surplus fears.
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