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European natural gas prices surged as freezing temperatures spurred demand

Natural gas prices in Europe soared this week as a cold snap across the north half of the continent boosted demand for the fuel.

8 December 2022
House prices in Sweden fall again

In November, housing prices in Sweden continued to decline as high interest rates weaken the country's property market.

8 December 2022
Yuan will face reality after the rally caused by China’s opening

Strong fluctuations in the yuan caused by positive sentiments in Chinese markets will face reality. Currently, many question whether the economic recovery will be able to match the growth of the currency.

8 December 2022
Bank of England may lift interest rate to 3.5%

The Bank of England may consider raising the interest rate to 3.5% next week. Policymakers raise doubts over whether further policy tightening is needed as the economy is showing signs of a slowdown near recession levels.

8 December 2022
Europe needs €500 billion after losing top bond buyer

As winter is coming, European governments are developing assistance programs. That step was taken in order to protect and support their citizens from a sharp increase in energy prices.

8 December 2022
Bank of Mexico states financial system is stable

On Wednesday, the Bank of Mexico reported on financial stability and said that the country's financial system is stable and sound. Moreover, the bank’s officials added that the level of risks observed during the pandemic has decreased significantly.

8 December 2022
Investors resume betting on Bank of Japan policy change

International investors are short-selling Japanese bonds, raising bets that Japan's central bank will be forced to change its ultra-loose monetary policy soon.

8 December 2022
UK labour market is on the decline

The U.K. labour market cooled noticeably last month. According to Thursday's survey, wage increases and demand have fallen, and staffing shortages have become less acute.

8 December 2022
Saudi Arabia predicts more budget surplus to come despite oil market jitters

Saudi Arabia's budget surplus will be revised upwards in 2023, as authorities said. This indicator deviates from the experts' projections made three months earlier.

8 December 2022
Mexican peso to be stable in 2023

Against the backdrop of a downturn in the economy, the weakening of the Mexican currency in the coming year is not expected to be significant. According to a Reuters survey among currency strategists, confidence in moderate policy and manageable government debt remains at a high level.

8 December 2022