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AT A GLANCE CME Group RepoFunds Rates and the European Central Bank’s €STR are both important overnight interest rates for the eurozone RepoFunds Rates are secured, reflective of the credit quality of their respective countries, and responsive to ECB policy

There can be a considerable lag, sometimes up to two years, for the effects of rate hikes to show up in economic data.

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The mining and refining of copper is extraordinarily energy intensive.  As such, it’s not surprising that so far this century, copper prices have shown a tight connection with the price of crude oil.  The past four months, however, have been an exception.  Since October 7, 2022, high-grade copper prices have risen from $3.38 per pound to over $4.00, while the price of West

More than interest rates or inflation, jobs have a direct impact on the health of the economy in relation to consumer spending.

CME Group USD Malaysian Crude Palm Oil Futures Volume and Open Interest In January 2023, CME Group crude palm oil volume totaled 27,069 lots (676,725 metric tons) and the end-of-month open interest was 48,017 lots (1,200,425 metric tons).

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Inflation has receded from its peak much sooner and more rapidly than many had expected, even if it has been and may continue to be bumpy ride. The Federal Reserve (Fed) has raised rates aggressively and yet unemployment has declined to historically low levels.

For the moment, Euro Short-Term Rate (€STR) futures are looking a great deal like the Secured Overnight Financing Rate (SOFR) and Fed Funds Rate.  What all three futures markets have in common is that after a period of dramatic tightening by the European Central Bank (ECB) and  Federal Reserve (Fed), they are pricing one, or more likely two, 25-basis-point (bps) rate hike(s), to

A record year for options Over 1B contracts traded in 2022, making it a record year in options trading. This volume creates greater liquidity, tighter spreads, and more flexibility when trading options. Asset class highlights:

There are expectations for the Federal Reserve and European Central Bank to begin cutting rates after one or two more hikes.

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Now live: New Crop Weekly options Introducing more ways to manage short-term exposure. The new product is an extension of Short-Dated New Crop options, with listing cycles occurring every Friday in February through August. How you can benefit:

What role did the Fed's jumbo rate hikes play in cooling inflation, and did easing of the supply chain issues plus the fiscal stimulus also play a role?

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The price of gold has risen by over $300 per ounce since hitting its recent low in November 2022.  Even so, gold prices are only back to where they were last April. More broadly, gold prices have been range-bound since the summer of 2020.

CME Group USD Malaysian Crude Palm Oil Futures Volume and Open Interest In December 2022, CME Group crude palm oil volume totaled 15,802 lots (395,050 metric tons) and the end-of-month open interest was 45,733 lots (1,143,325 metric tons).

After achieving an 817% total return between March 2009 and the end of 2021, the S&P 500® fell 18.5% in 2022.  Despite losing nearly one fifth of its value, the index might not be a bargain buy on some measures.  When one looks at the S&P 500 market capitalization to GDP ratio, it’s around 140%.  That’s below its 2021 peak of 180%, but far above any other