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Daily Markets News - 6 October

Fitch followed Standard & Poor's and cut its ratings outlook on the UK to negative from stable yesterday.

President Biden says he is disappointed by the latest OPEC+ cut and suggests more releases from the SPR are possible. This after previously suggesting the releases would be ended in the next few weeks, as reserves are already down to the lowest levels since 1984.

The FT suggests Goldman is among those looking to acquire assets being sold by UK pension funds, which still need to boost liquidity after the recent concerns over the UK mortgage market.

German industrial orders have come in down 2.4 percent, worse than the -0.7% forecasted for August.

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