Other news

U.S. natural gas futures jumped about 5% to a two-week high. This is due to cold weather forecasts and higher heating demand in December.

Earlier, the inflation data showed lower-than-expected results. Because of this, after a sharp fall, the US dollar barely got a fix on Wednesday.

According to a statement made by the government of New Zealand, the country is about to enter recession next year.

According to Barclays Plc., the policy of the Bank of Mexico (Banxico) is likely to diverge from the Federal Reserve's stance in the coming year, despite holding similar events this week.

Morgan Stanley expects that by the end of next year’s first fiscal quarter, China’s economic activity will recover. Regarding this, the American bank has raised its China’s GDP growth forecast for 2023 from 5% to 5.4%.

The U.S. Federal Reserve (Fed) is expected to raise interest rates by 0.5% at Wednesday's meeting.

The Bank of Japan published the results of the Tankan survey. According to the data, in December there was a decrease in the index of confidence among the largest manufacturers from 8 to 7 and an increase in the index for service sector companies.

47 surveyed economists don’t think that the BOJ will change the restrictive policy concerning a negative interest rate and a yield curve. The decision will be taken on December 20 after a two-day meeting.

Gold prices were little changed on Wednesday following a rapid growth seen in the last session. Gold steadied as markets awaited the Federal Reserve interest-rate decision that would be announced later in the day.

Brent crude oil prices have resumed the level recorded at the beginning of the year. Economists at Deutsche Bank predict that the cost of fossil fuel may reach $100 per barrel in the first quarter of 2023. However, there could be a subsequent decline to $80 dollars.