Malcolm Graham-Wood
Independent Analyst
The oil price had a topsy turvy day yesterday, partly caused by Hurricane Joaquin which first looked to be headed towards the Gulf of Mexico before heading offshore and up towards the East coast, no doubt we will see it in a few days. On the geopolitical front, bombing of Syria by Russia looks to be added to by Iranian troops on the ground so quite a support operation for Assad who is now the ‘least worst alternative’.
Manufacturing numbers in the US were disappointing apparently, an ISM of 50.2 was down from the August figure of 51.51. Its Non-Farm-Payroll today and with the eloquent Marcus Ashworth suggesting that 200/- might be lowish and with a distinct possibility of a revision of the August number a rate rise might well be on the way.
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