Does news that U.S. will let Russia’s big aluminum producer avoid sanctions remove this wild card from commodities and stock markets?

Does news that U.S. will let Russia’s big aluminum producer avoid sanctions remove this wild card from commodities and stock markets?

U.S. Treasury Secretary Steve Mnuchin said today that Russian metals giant Rusal, could get sanctions lifted if Putin-connected oligarch Oleg Deripaska relinquished control. The Treasury also gave Rusal a five month extension as it considered Rusal’s appeal of the sanctions. Commodity prices–especially aluminum–fell on the news.

Notes You Need for October 19: Initial claims, Lyft and Google, Vale, iPhone8 sales, Black Monday anniversary

Notes You Need for October 19: Initial claims, Lyft and Google, Vale, iPhone8 sales, Black Monday anniversary

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. Today’s items include this one: “10:40 a.m.: Alphabet’s (GOOG) investment arm, CapitalG, has led a $1 billion round of investment in Lyft. The new round values Lyft at $11 billion. The funding is significant since Alphabet has been a big supporter of Uber and this investment suggests that Alphabet’s Waymo autonomous vehicle unit will work more closely with Lyft.”

Notes You Need for October 19: Initial claims, Lyft and Google, Vale, iPhone8 sales, Black Monday anniversary

Notes You Need for April 13: China exports, initial claims for unemployment, North Korea birthday nuclear test, bets on French election, iron ore, Argentina upgrade, venture capital, XLNX

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