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Japan business mood improved but global problems influence outlook

Japanese big manufacturers’ business confidence improved in December for the first time in four months. Non-manufacturers’ sentiment also rose, to reach its highest index reading for three years, a Reuters survey showed. Given the data, Japan is on track for a steady recovery from the pandemic.

7 December 2022
Gas in USA has fallen to 5 weeks’ minimum

On Tuesday, the cost of natural gas in the States decreased by almost 2%. This is a new five-week low. Such a situation was caused by falling oil prices and a decrease in demand for gas.

7 December 2022
U.S. crude production and demand will rise this year and next

The U.S. Energy Information Administration's (EIA) outlook for crude output growth in the current year has been marginally raised. At the same time, the growth in petroleum demand, apparently, will be less than originally anticipated.

7 December 2022
Pace of rate hikes in Mexico could slow down

According to Jonathan Heath, deputy governor of the Bank of Mexico (Banxico), the cycle of rate increases is not over yet. Nevertheless, after four consecutive increases of 0.75%, there is now the possibility of a slowdown.

7 December 2022
China considers a GDP target near 5% as focus shifts to economic growth

Reliable sources said that Chinese officials are discussing economic growth targets for 2023. The benchmark is likely to be a level of 5%. This is due to the shift in the course Beijing had previously chosen. Now, the country is looking at economic recovery.

7 December 2022
Japan's foreign reserves rise to the highest level in six years

According to the Ministry of Finance, Japan's foreign reserves rose in November to their highest level in six years.

7 December 2022
U.S. dollar will keep the status of safe haven currency in 2023

According to a Reuters poll of market strategists, the U.S. dollar might strengthen against many currencies in the upcoming months due to the growing threat of an economic recession.

7 December 2022
Australia's yield curve flips as growth slows

The front end of Australia's government bond yield curve flipped for the first time in 21 months. Investors doubt whether the Australian central bank will be able to further raise the key rate, being in the face of growing recession risks.

7 December 2022
U.S. trade deficit widened to $78.2 billion in October

The U.S. trade gap expanded to $78.2 billion in October. The growth was 5.4%, less than half the pace of increase from the revised September's reading of 12.7%, when the trade deficit hit $74.1 billion.

7 December 2022
Economic growth in Australia is slowing

As it was shown by third quarter results, Gross domestic product increased by 0.6%, slightly below the estimated 0.7%.

7 December 2022