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.
On Thursday, the Bank of England raised the interest rate nine times in a row. Such a step looks foregone. Due to this, the investors will have to find out how many times they need to increase the rate.
It’s reported that the rate hike at yesterday's U.S. Federal Reserve (Fed) meeting was lower than previous ones. However, the Fed says that interest rates will continue to rise next year, despite the apparent easing.
Employment in Australia saw an apparent surge in November — more than triple what economists had expected. The jobless rate remained steady at a 48-year low, showing the need for further interest rate hikes in 2023.
Oil prices keep rising for the third day in a row as part of the shutdown of Canadian pipeline Keystone, being crucial to refineries in western part of the U.S. The cost of fuel continues to rise due to the accident, despite a significant weekly surge in the U.S.crude stocks.
As it became known on December 14, Morgan Stanley analysts suggest crude oil prices to rise back to the level of about $110 per barrel by the middle of the upcoming year.
The Bank of Japan meeting will be on December 20. It is planned to keep interest rates ultra-low and the dovish forecast.
It is a week before the polar vortex comes to the United States. However, on Wednesday, natural gas still went into a sell-off mode. Players took profits and tried to correct the market, which jumped almost 30% over the past five sessions.
The November drop in economic activity in China was noted even before the Chinese government abruptly abandoned its zero-tolerance COVID-19 policy. However, a new decline is possible as the infection spreads further.
The Federal Reserve's speech turned out to be much more aggressive than expected. In connection with this, there is a decrease in the prices of gold and silver on Thursday. There is still uncertainty in the precious metals market because of the likely increase in interest rates in the U.S.
The focus is on the interest rate decisions of the banks of England, Europe, Switzerland, Norway and Mexico, as well as the GDP of New Zealand, the trade balance of Japan and Norway, employment in Australia. And the list will be supplemented by natural gas reserves in the United States.