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.
Oil prices surged as trading opened on Wednesday. The rise took place amid the release of industry data, showing more crude stockpile cuts than expected.
The U.S. dollar has stabilized ahead of the Federal Reserve’s (Fed’s) latest minutes release. This might be driven by investors’ more risk-averse behavior, as they await information on the following monetary policy course.
According to preliminary data last month, the Canadian economy was marked by periods of activity. This fact may call into question the data on the level of a slowdown in the fourth quarter.
The G7 countries should soon announce price caps for Russian oil exports.
On Monday, Deutsche Bank officials noted that U.S. leveraged loans default rate would end 2024 at 11.3%, according to their forecasts. The 2024 anticipated default rate on euro leveraged loans will equate to roughly 7.1% amid a worsening global economic situation.
The dollar settled on Tuesday following its rally the day before. Appreciation of the value has been triggered by investors that used the currency as a safe haven. This was due to the growing rate of COVID-19 in China.
The weighted median inflation rate is monitored closely as an indicator of expansion or contraction in price growth. In October, this indicator reached a record 1.1% in Japan.
According to economists from Commerzbank, the prerequisites for the weakening of the dollar in the medium term already exist.
Japan's largest oil refinery is drawing up plans to consolidate production as domestic demand for oil products falls due to declining population and efforts to reduce emissions.
A 40-year bond auction is due to take place this week. Investor fear for the outcome is so big that long Japanese government bonds yields hit a one-week high on Tuesday.