Other news

November’s data showed the fastest rate of contraction in Japan's manufacturing activity over the past two years. This is due to strong inflationary pressures, pushing demand down in the country.

Demand for oil fell significantly for the first time in 7 years. It’s assumed that the largest importer of oil in the world, China, is experiencing a certain kind of difficulties because of the COVID-19 restrictions imposed there due to an increase in cases of disease.

Gold and silver prices rose slightly this week. The rise in prices for these metals is due to optimistic forecasts about the prospect of a lower rate of interest rate hikes by the U.S. Federal Reserve.

A survey made on Thursday by The Confederation of British Industry (CBI) showed results that may not seem the most iridescent.

On November 10, the monetary policy protocol of the Bank of Mexico was released. It says about a possible increase in interest rates in the future

The dollar is seeing a decline on Friday. The Fed may slow the pace of interest rate hikes, and that keeps investors optimistic.

Many European Central Bank (ECB) officials have spoken out against sharp interest rate hikes. However, Isabel Schnabel, a member of the ECB's board member, has a different opinion from her colleagues on the issue. She stressed that smaller hikes wouldn’t help to curb inflation.

In November, the core consumer prices in Tokyo showed the fastest annual growth rate in 40 years. They have overcome the 2% indicator of the central bank for the sixth month in a row. This situation indicates heightened inflationary pressure.

Introduction of a price cap for Russian oil discussion by the G7 and the European Union diplomats support the prices of black gold.

Economic Calendar Events for November 25, 2022.