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UK energy price cap may spike to $4,006 per house

  Bloomberg The UK’s cap on energy prices could spike another 50% in October to more than 3,000 pounds ($4,006) per household following huge gains in the wholesale natural gas and electricity markets, according to Investec Bank Ltd. The calculation assumes no change in prices over the remainder of the observation window that sets prices, but sustained market rallies could ...

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Paris wheat hits record, corn surges as attack risks supplies

  Bloomberg Grain markets catapulted even higher as Russia’s attack on Ukraine put a vital source of global supplies at risk. Wheat surged by the maximum allowed by the exchange, and corn earlier did the same. Milling wheat traded in Paris soared as much as 16% to a record, and oilseeds also bounded higher, heightening concerns of a further acceleration ...

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Stocks sink, Brent scales $100 on Russia assault

  Bloomberg Global stocks and equity futures tumbled while bonds and oil soared as Russian President Vladimir Putin’s decision to order a military attack on Ukraine cast a pall over global markets. S&P 500 and Nasdaq 100 contracts slid about 1.7% and 2.3% respectively, signalling the latter, tech-heavy gauge faces a bear market. The Stoxx 600 Europe index shed some ...

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