Other news

The reopening of Japan's borders has boosted retail sales from lifting of internal pandemic control measures this year.

Recently, Fumio Kishida, the Prime Minister of Japan, gave orders to increase national security spending to 2% of GDP by 2027. It’s worth noting that the exact figures for the increase were announced for the first time.

India bought approximately 40% of all seaborne export volumes of Urals crude in November. According to Reuters and Refinitiv calculations, the state became the largest importer of black gold among other countries.

After falling last month to a record low in the last forty years, the Japanese currency is showing an early recovery. Nevertheless, repeating the behavior of similar periods of decline in the past, the yen could face new shocks.

This winter, the aggravation of the situation caused norovirus epidemics in PRC can negatively influence the foodstuffs and energy products markets. Usually, the consumption grows in this season, but currently, it can be completely different.

According to more than 90% of economists polled by Reuters, the Bank of Japan is more likely to roll back large-scale monetary policy easing as its next policy move.

The U.S. dollar short position has been raised to its highest level over the last week. Its previous peak dates back to July 2021. This is reported by Reuters, citing the U.S. Commodity Futures Trading Commission (CFTC).

At the beginning of the year, investors were making predictions and assumptions about inflation and rising U.S. rates as the dollar looked more unstoppable.

In January, the important oil exporting country Saudi Arabia may decrease the cost of fuel for Asian countries. This is caused by fear of possible low demand in China and the growing supply of Russian oil after December 5.

According to Bloomberg reports, a considerable part of Western investors refuses gold. It mostly concerns institutional investors. In Asia, at the same time, there is an absolutely opposite picture. Investors, realizing that gold prices have fallen, have started to buy more coins, bars and jewelry.