Other news

Britain strongly encouraged banks to support households experiencing difficulties with mortgage payments due to the growing cost of living crisis.

The Bank of Canada has raised interest rates sharply for the sixth time. In this way, it created an opportunity to pause the hiking cycle.

Economists from Scotiabank say that eventually EURUSD will break the area of 1.0525. Thus, a return to the area of 1.05 is clear.

The focus is on natural gas reserves in the United States.

On the agenda are Japan's GDP and investments, Australia's trade balance, applications for unemployment benefits and auctions for the placement of US bills, Russia's reserves and inflation in Mexico.

In October there were higher Eurozone’s consumer expectations for the coming year. However, the forecast for three years ahead remained unchanged. The expected rate is still well above the European Central Bank's target of 2%.

It’s reported that the European Central Bank (ECB) officials are immersed in thinking about bond redemptions, thus stepping on the path of quantitative tightening policy. The financial markets seem to create ideal conditions for such a policy, but they can be very dangerous.

The U.S. market witnessed a sharp drop in crude oil stocks last week. However, product inventories, for instance, gasoline have expanded. This is reported by the American Petroleum Institute (API) on Tuesday.

Chinese companies have renewed their interest in doing deals with Australia. Thus, special attention is paid to the acquisition of various objects, including natural resources and agricultural assets.

The exchange rate of the Canadian dollar fell to a monthly low against the U.S. dollar amid falling stock markets and oil prices. At the same time, investors were expecting a possible interest rate cut by the Bank of Canada.