Other news

The Bank of England said on Tuesday that it would launch stress tests of investment funds and other financial institutions outside the banking sector next year. This move comes after the recent near-collapse of the UK pension sector.

According to Reuters, the European Central Bank expects inflation to remain above the 2% target over the next three years. This percentage is considered higher than the markets would currently expect. It means the bank's fight against rampant price increases is not over.

Germany’s federal government is planning to issue a record amount of debt in 2023. These measures are aimed at providing financial support to households and companies affected by the energy crisis.

The Swiss National Bank (SNB) will raise rates on Thursday. However, economists are divided on how aggressively officials will act to tame inflation. Most expect a hike of 0.5% to 1%.

After hitting a 41-year high in November, the rate of inflation has fallen. In this regard, the current rate suggests that the sharpest decline in living standards may be behind us.

Following a significant easing of COVID restrictions in China, road transport and air traffic in the world's second-largest oil-consuming country quickly recovered. This has significantly improved the outlook for fuel demand, and has also supported crude oil prices.

Gas producers warned about stopping investments in case of implementation of long-term price limits proposed by the government.

The rate of inflation in the UK has started to decline, however, market participants don’t seem to be interested in it. According to ING economists, the pound/dollar pair is likely to change on the background of the U.S. Federal Reserve's statements.

In November, the key indicators of the Chinese economy will likely demonstrate the worsening economy of the Celestial Empire. This will put the country in a fragile position.

Plans of People’s Bank of China (PBOC) to ensure sufficient amount of cash in the financial system are getting more and more attention.