Beijing orders closures of numerous public facilities as Covid infections in the capital hit a record high. Cases also continue to surge in Guangzhou and Chongqing. The dollar and Treasury yield dip as Cleveland Federal Reserve President Loretta Mester tells this channel that inflation needs to slow further before she is ready to stop raising rates. Crude rallies after hitting a ten-month low as Saudi Arabia denies reports that Opec+ is set to hike output next month. The fallout from the collapse of FTX continues to be felt in the sector with Bitcoin falling to below $16,000 for the first time in 2 years while lender Genesis is now reportedly set to file for bankruptcy.   

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