Other news

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.

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.

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.

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.

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.

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.

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.

According to the U.S. Energy Information Administration (EIA), the country’s crude oil inventories declined to 413.9 million barrels over the previous week. But there was an increase in the U.S. gasoline and distillate stocks.

Businesses in the UK express concerns that their energy costs will double in 2023. In their views, UK energy prices will surge when an emergency package of government support ends.

The People's Bank of China (PoBC) said it had increased its gold reserves by 32 tons, worth about $1.8 billion, for the first time since September 2019.