No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
Business confidence in New Zealand dropped to a record low in December. Its decline occurred after the central bank drastically increased interest rates.
Higher mortgage rates and high building costs in 2022 caused a drop in sentiment among homebuilders in the U.S.
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.
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.
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.
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).
The Reserve Bank of Australia (RBA) was considering pausing its tightening policy cycle this month.
A slowdown in sales was recently noted by Australian retailers. This is linked to a rapid growth of interest rate in the country, which has been having a negative impact on consumers’ buying power in the run-up to Christmas.
The price of gold has stabilized just below the 1800 level. Against the backdrop of potential recession risks and higher interest rates in the coming year, investors are switching to the U.S. dollar. At the same time, the metals market is also under pressure.
The dollar depreciated against the euro because data on the optimistic sentiment in German business circles had contributed to EU currency.