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World fears new COVID surge in China, experts are eager to help

Global health experts are concerned about the spread of Covid in China. They are casting doubts over whether a sufficiently high proportion of the population is vaccinated (total population of China is about 1.4 billion) and whether the nation has medical equipment to fight a new wave of COVID-19.

20 December 2022
BlackRock predicts U.S. inflation above 2% in coming years

According to BlackRock strategists, traders’ hope for a sharp slowdown in inflation is futile

20 December 2022
Yuan is rising on the unchanged interest rates

On Tuesday the Chinese yuan rose against the U.S. dollar after declining initially.

20 December 2022
Kuroda shocked markets by changing yield limit of BOJ bonds

The latest step by Bank of Japan Chair Haruhiko Kuroda shocked financial markets. The Central Bank has adjusted the program of managing the yield curve of government bonds. Thus, there was a jump in the yen and a bond yields’ decline just a few months before Kuroda’s resignation.

20 December 2022
New Zealand business confidence falls to record low

Business confidence in New Zealand dropped to a record low in December. Its decline occurred after the central bank drastically increased interest rates.

20 December 2022
Sentiment of homebuilders in the U.S. continues to decrease for 12 months in a row

Higher mortgage rates and high building costs in 2022 caused a drop in sentiment among homebuilders in the U.S.

20 December 2022
U.S. to turn into a net exporter of crude oil in 2023

The United States has become a major crude oil exporter over the past few years. However, the country's exports have not exceeded its import share since World War II. This situation is likely to change in 2023.

20 December 2022
US gas prices plunge on milder weather forecasts

US natural gas futures flopped 11% as investors expect milder weather over the next two weeks. As a result, milder conditions should allow utilities to leave more gas in storage and US residents to reduce the energy used for heating.

20 December 2022
Canadian dollar rises, investors expect China to reopen

The Canadian dollar strengthened against the U.S. currency. Investors expect that the easing of COVID restrictions in China will increase demand for oil, which is one of the main exports of Canada.

20 December 2022
Japan to issue $258.5 billion in new bonds

According to Reuters, Japan is going to issue bonds for the annual budget for fiscal year 2023/24. As the government source said, the amount of bonds would be 35.5 trillion yen ($258.52 billion).

20 December 2022