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.
Bank of America (BofA), one of the world’s largest financial companies, continues to expect the Fed to change its monetary policy course.
In November, China's economic activity declined more, which happened due to the record spread of COVID-19. Most likely, growth will remain weak. The central bank is expected to offer additional incentives to help the country's economic recovery.
Gold prices fell slightly on Wednesday ahead of the Federal Reserve Chairman Jerome Powell's message. However, they recovered on the hints that the Federal Reserve could soon slow its future increases.
Oil prices rose in early Asian trading on Wednesday, driven by a decline in U.S. crude stocks. However, market participants' concerns that OPEC+ will leave its production policy unchanged at its upcoming meeting acted as a constraint on oil prices.
Economic Calendar Events for November 30, 2022.
Economic Calendar Events for November 30, 2022.
Asian currencies might show the steepest monthly increase for the first time in more than six years. The Bloomberg JPMorgan Asia Dollar Index has grown by 2.7% in November, showing the biggest monthly increase since March 2016.
Switzerland's economic indicators increased 0.2% in Q3 compared to the previous reporting period. Official data were released on Tuesday, indicating a 0.5% year-on-year increase.
As it was recently announced, the Bank of England is about to start selling the government bonds it had purchased as an emergency action to stop turmoil in British markets this fall.
According to economists, China’s economic slowdown together with strict COVID-19 restrictions will be the main reasons why the PBOC will ease monetary policy. In addition to this, they expect the central bank to keep reducing the key policy interest rate in the short term.