Other news

European Union diplomats have temporarily suspended talks on limiting the price of Russian oil, because Poland and the Baltic states opposed a proposal that seemed too generous for Moscow.

Against the backdrop of the strengthening of the US currency ahead of speeches by some Federal Reserve officials, including the head of the Fed, Jerome Powell, at the end of the current week, there is a slight decline in gold prices on Monday.

Economic Calendar Events for November 28, 2022.

Despite declining import turnover, trade with Canada continues to play an important role in maintaining U.S. natural gas markets. Accordingly, certain parts of the U.S. will be assured of a reliable blue fuel supply.

According to a statement made by Louise Loo, senior economist at Oxford Economics, there’s a possibility of long-awaited recovery in private consumption in China being delayed.

Germany's economy was originally expected to grow 0.3% in the third quarter, but thanks to solid consumer spending, growth was 0.4%, showing a better-than-expected performance.

Investors keep a close eye on U.S. retailer stock prices, a key indicator of consumer confidence. Meanwhile, the country's inflation rate is gaining momentum ahead of the holiday shopping season.

Traders are encouraged by the further strengthening of the yen, which has recently been under pressure.

The GfK institute poll showed that in December the sentiment of German consumers likely won’t change. It happens thanks to the energy measures of the government which help to keep up citizen’s morale.

The Chinese yuan was considered one of the worst performers in the market among Asian currencies this week. It saw a decline of 0.6%, which was fuelled by a return of several major cities to strict lockdown rules. The Chinese economy is currently struggling with the highest daily COVID-19 cases.