Shell (SHEL.US) forecasts strong Q3 oil trading performance: refining profit margin soars to a record $42 per barrel
智通财经2026/10/07 09:24According to Zhitong Finance APP, the oil trading business is expected to deliver strong results in the third quarter, as tightening global fuel supplies have pushed refining margins to record highs.
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Analyst: Gold falls back to the $4,100 to $4,200 range, $4,000 remains an important price level
Phillip Nova analyst Priyanka Sachdeva stated in a report that despite the recent correction in gold prices, the structural drivers supporting gold have not disappeared. This week, spot gold has retreated to the $4,100–4,200 per ounce range. Sachdeva noted that although gold prices have adjusted recently, geopolitical uncertainty and continued vulnerability in Middle Eastern oil supplies are maintaining investor interest in gold. She believes that $4,000 per ounce remains a key level. If the long-term structural logic for gold remains intact, any further move of gold prices towards this level may attract conviction-driven investors to adopt a phased buying approach. She added that the future trend of gold will depend more on how geopolitical risks affect oil prices, inflation expectations, and U.S. Treasury yields.
Morgan Stanley raises Marvell Technology's target price to $300
Morgan Stanley has raised the target price of Marvell Technology Group (MRVL.US) from $268 to $300.
Polish Minister of Energy says the International Energy Agency is not expected to make a decision today on oil and diesel inventory.
Poland’s Energy Minister: The International Energy Agency is not expected to make a decision on oil and diesel inventories today.
The Federal Reserve's September meeting minutes are expected to show widening disagreements among officials regarding the rate path.
The Federal Reserve will release the minutes of its September monetary policy meeting at 2 a.m. on Thursday. According to analyses by foreign media, the minutes are expected to show a wider divergence among officials regarding the future path of interest rates, which could influence the Fed's next policy moves. While the market currently widely anticipates that the Fed will keep rates unchanged in October, the September meeting minutes could reveal the extent of disagreements among Fed officials: some believe that inflation remains strong and persistent, requiring continued policy tightening—for example, Dallas Fed President Logan thinks that at least two more 25-basis-point hikes are needed to control inflation; on the other hand, some officials prefer to remain patient and wait for new data to justify further hikes, such as New York Fed President Williams, who believes there is "no need to rush" when deciding on another rate hike, a view echoed by Fed Vice Chair Jefferson.
