Other news

Mongolia’s meteorological bureau reported that temperatures in the country have plunged to minus 47 degrees Celsius. Deteriorating weather conditions are caused by a cold front coming from China. Climate changes have spurred demand for fuel that is used to heat houses.

Mark Cabana, an expert at BofA, says the US economy will enter recession around mid-2023 and the rate cuts will begin in December 2023.

Reuters reports that OPEC+'s decision to set a meeting on Dec. 4 may indicate no changes to the organization's policy in the coming days.

According to the forecast of JP Morgan analysts, the Bank of England will lift the bank rate to 4.25% by the first quarter 2023.

Following Spain and Belgium, Germany reported lower inflation rates. Thus, it provided an argument for a slowdown in the pace of interest rate hikes.

The Bank of Japan released the research note due to the growing inflationary pressure. It says that more Japanese firms raise prices. This situation occurs even in spheres that were rarely passing the cost on to customers.

A risk assessment study by Australia's banking regulator has shown that possible economic downturns conditioned by climatic change could threaten the loan portfolios of the country's five leading banks. At the same time, neither the system nor the economy will be in a state of severe stress.

On Tuesday, survey results showing that demand for buying real estate in the U.S. fell sharply due to higher mortgage rates was released.

After a recent decline to the level of 1.032 during the Asian session, there’s been some recovery of the euro against the U.S. dollar.

Japan’s industrial output showed negative growth for the second month in a row due to the fall of global demand and ongoing supply issues. All of these factors have a negative impact on the Japanese producers’ activity.