Other news

In October there were higher Eurozone’s consumer expectations for the coming year. However, the forecast for three years ahead remained unchanged. The expected rate is still well above the European Central Bank's target of 2%.

It’s reported that the European Central Bank (ECB) officials are immersed in thinking about bond redemptions, thus stepping on the path of quantitative tightening policy. The financial markets seem to create ideal conditions for such a policy, but they can be very dangerous.

The U.S. market witnessed a sharp drop in crude oil stocks last week. However, product inventories, for instance, gasoline have expanded. This is reported by the American Petroleum Institute (API) on Tuesday.

Chinese companies have renewed their interest in doing deals with Australia. Thus, special attention is paid to the acquisition of various objects, including natural resources and agricultural assets.

The exchange rate of the Canadian dollar fell to a monthly low against the U.S. dollar amid falling stock markets and oil prices. At the same time, investors were expecting a possible interest rate cut by the Bank of Canada.

On Wednesday, board member Toyoaki Nakamura declared that now it’s too early to change the ultra-soft monetary policy. According to him, the unstable economy needs numerous stimuli.

In November, house prices in the UK dropped at the sharpest pace in 14 years.

The Group of Seven countries (G-7) set a price cap on Russian oil. In response to this restriction, Russia is considering the possibility of setting a floor price for its oil in the global energy market.

Japanese big manufacturers’ business confidence improved in December for the first time in four months. Non-manufacturers’ sentiment also rose, to reach its highest index reading for three years, a Reuters survey showed. Given the data, Japan is on track for a steady recovery from the pandemic.

On Tuesday, the cost of natural gas in the States decreased by almost 2%. This is a new five-week low. Such a situation was caused by falling oil prices and a decrease in demand for gas.