 Oil rebounds as Saudi Arabia boosts prices
Oil prices are bouncing back on Monday, up more than 2% after coming under significant stress last week. Reports of Saudi Arabia raising crude prices are apparently behind the move, although I’m not entirely convinced. Sure, it portrays confidence in the markets but it doesn’t alter the uncertain outlook in any way. I think it’s probably just a risk rebound as we’re seeing elsewhere.
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 Renewed Covid fears have managed to do what Biden couldn't, sending oil prices crashing as a new wave of demand destruction looms.
 Nonfarm payroll rise of 194,000 misses 500,000 estimate
The US economy added jobs at a far lower level than expected in September, further undermining confidence in the strength of the post-Covid recovery.  Pertemuan Federal Reserve lainnya tampak dan pasar semua bersemangat, dengan saham kemungkinan akan jatuh dalam 48 jam ke depan karena dolar naik di tengah spekulasi (lebih) dari pengurangan stimulus. Apakah ini, atau sebaliknya, terjadi, hal yang lebih mungkin pada akhir minggu depan adalah bahwa emas akan berada di toilet lagi - secara metaforis, tentu saja.
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