According to data provided by the University of Michigan, consumers are getting more confident in the U.S. economic conditions. The information obtained in the latest consumer survey showed that citizens are now more optimistic about the economy.

According to economists at HSBC, the US dollar will rise amid the holiday season. However, they warn investors that the dollar could lose ground next year.

As the Bureau of Labor Statistics informs, in November, the PPI grew by 7.4% compared with the previous year. This is less than the October increase of 8.1%.

After Russia announced a decrease in production following a price cap on oil exports from the West, and the main pipeline that delivers to the U.S. was closed, oil prices rose on Monday.

Although Brent oil prices fell below the level of $79 per barrel, strategists at Internationale Nederlanden Groep (ING) expect that they will climb to $104 per barrel next year.

The BOJ is set to release the results of a quarterly assessment of business conditions in Japan on December 14 at 8:50 a.m. local time (December 13 at 23:50 GMT). It is also slated to report its monthly trade data on December 15. at 8:50 a.m. (December 14 23:50 GMT).

According to economists’ forecasts, the European Central Bank (ECB) will raise interest rates at least twice more in order to fight high inflation. One of these hikes will be taken as early as next week.

Chinese President Xi Jinping said during his visit to the kingdom that China is ready to increase the turnover of oil trade with Saudi Arabia. In this way, ties between the two countries have been strengthened.

Gasoline prices in the US are lower than they were a year ago. Lower fuel prices will provide a relief for Americans, who face the worst inflation in decades in 2022.

Australia is going to put a cap on domestic energy costs and spend around 1.5 billion Australian dollars ($1 billion) on energy bills. This decision is triggered by a surge in global commodity prices.