Other news

Oil prices rose on Tuesday. This happened due to sharp losses in the previous session, which resulted in an opportunity for profitable purchases, as well as the fact that markets have bet on the recovery of demand in China.

Last quarter the current account of Australia showed a deficit for the first time in three years. In the July-September quarter, the deficit was A$2.3 billion.

Japanese household spending increased 1.1% in October compared with the previous month. In contrast to the previous year, spending increased by 1.2%, thereby exceeding analysts' forecasts.

This year, the Russian rouble has become one of the few currencies that managed to outperform the U.S. dollar. However, according to the forecast of MUFG Bank economists, the rouble’s strengthening will stop next year, and it will weaken again, as the dollar itself.

On the agenda are the Bank of Australia's interest rate decision, the US-Canada trade balance and business activity in Canada and the UK.

Despite a rapid rise in inflation, Bank of Japan (BOJ) Deputy Governor Masazumi Wakatabe warned central banks about a continuing risk of so-called “Japanification”, or economic stagnation.

The U.S. Dollar Index (DXY) is down 40% from its spring 2021 levels. At the same time, economists at Société Générale expect an even greater decline.

As it was stated by the Confederation of British Industry (CBI), there’s an actual risk for the economy of Great Britain to experience ten years without growth.

The Chinese yuan strengthened against the US dollar on Monday, breaking 7 for the first time since mid-September. This is due to the partial lifting of COVID-19 restrictions.

On Monday, the yield of 10-year Japanese government bonds (JGBs), holding for more than a week, fixed at the upper boundary of the Central Bank target. Apart from this mark, yields of other bonds also did not change much due to absence of moving signals on the market.