The dollar dips with futures relatively flat as a surprise poll puts Kamala Harris ahead in the Republican-leading state of Iowa. National polling still places both candidates neck-and-neck. Berkshire Hathaway continues to dial down its stakes in Apple and BofA, boosting its cash pile to $325bn. The German ruling coalition is in disarray after finance minister Christian Lindner’s economic manifesto causes major rifts with coalition partners, prompting Chancellor Olaf Scholz to summon talks late last night. Oil surges on the news that Opec+ nations agree to delay output hikes by a month. We hear from TotalEnergies CEO Patrick Pouyanné who says industry margins are under pressure.
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