Australian premier Anthony Albanese reportedly met with Chinese Premier Li Keqiang at the ASEAN Summit in Cambodia. During the brief meeting, the prime ministers discussed cooperation issues.

Federal Reserve System Chairman Christopher Waller stated that last week the central bank was not weakening its fight against inflation, after which the U.S. dollar fell sharply.

At the end of last week, there was an official meeting of Japan's Prime Minister Fumio Kishida and US President Joe Biden, within which they agreed to strengthen the countries’ alliance in the background of geopolitical tensions.

Gold prices declined amid remarks by several U.S. Federal Reserve officials that the Fed will continue to fight inflation harshly.

Oil prices as well as the previous session are rising as China eased some of its strict COVID-19 protocols.

The Federal Reserve has raised the issue of holding back aggressive interest rate hikes after receiving long-awaited news about the rate of inflation.

According to Bank of Canada Governor Tiff Macklem, an overheated labor market can get back to normal without the growth of unemployment. This declaration was made before the next increase in credit rates in December.

Tiff Macklem, governor of the Bank of Canada, said there could be at least one more sharp rise in interest rates before the magnitude of hikes begins to decline. The rate of increase could fall to steps of 25 basis points.

Bank of England has stated its position to be cautious regarding the selloff the 19 billion pounds ($22 billion) of British government bonds.

U.S. inflation data was expected to be tougher, but it was better. In combination with a broad dollar selloff, it led to sharp fluctuations in the yen.