Other news

According to information provided by Standard Chartered Plc, economic activity of small business in China continued decreasing in December. A rise of COVID cases during reopening has worsened prospects for the country’s companies.

In November, home building declined again. Buyers faced a sharp increase in mortgage rates to 7%. In this regard, homes became unaffordable. During the month, mortgage rates declined slightly, but are still double last year's rates, which significantly affects the purchase of new homes.

Oil prices hold steady as the fact that US inventories fell much more than expected, leading to an increase in oil prices, offset fears about a significant snowstorm, worsening the demand outlook.

According to Takatoshi Ito, Haruhiko Kuroda's contender, the Bank of Japan's policy adjustment would be the first step towards an exit from a decade of aggressive easing.

The gold price grew significantly during the previous trading session and exceeded $1800. It happened against the backdrop of the dollar depreciating against the currency basket.

The Bank of Japan (BoJ) announced an unexpected change to its yield curve control (YCC) policy. The immediate impact on the yen was significant, with USD/JPY falling more than 3%.

On Tuesday, the yen jumped to its record highs in four months. The surge was caused by an unexpected announcement made by the Bank of Japan of a change in its bond yield control program.

On Tuesday, the API reported that U.S. crude reserves fell more than expected.

On the agenda are the reserves of crude oil and petroleum products, as well as the production of gasoline and distillates.

The focus is on inflation in Canada, the US secondary housing market, the trade balance of New Zealand, public sector lending in the UK and consumer confidence in the US and Germany.