Other news

The U.S. Energy Information Administration's (EIA) outlook for crude output growth in the current year has been marginally raised. At the same time, the growth in petroleum demand, apparently, will be less than originally anticipated.

According to Jonathan Heath, deputy governor of the Bank of Mexico (Banxico), the cycle of rate increases is not over yet. Nevertheless, after four consecutive increases of 0.75%, there is now the possibility of a slowdown.

Reliable sources said that Chinese officials are discussing economic growth targets for 2023. The benchmark is likely to be a level of 5%. This is due to the shift in the course Beijing had previously chosen. Now, the country is looking at economic recovery.

According to the Ministry of Finance, Japan's foreign reserves rose in November to their highest level in six years.

According to a Reuters poll of market strategists, the U.S. dollar might strengthen against many currencies in the upcoming months due to the growing threat of an economic recession.

The front end of Australia's government bond yield curve flipped for the first time in 21 months. Investors doubt whether the Australian central bank will be able to further raise the key rate, being in the face of growing recession risks.

The U.S. trade gap expanded to $78.2 billion in October. The growth was 5.4%, less than half the pace of increase from the revised September's reading of 12.7%, when the trade deficit hit $74.1 billion.

As it was shown by third quarter results, Gross domestic product increased by 0.6%, slightly below the estimated 0.7%.

The Canadian public has a negative attitude toward trade with China. This is due to the promise of Prime Minister Trudeau's government to start working with democratic allies in the region.

It was announced Wednesday that the U.S. and U.K. have entered into an energy partnership. The main goal is a steady, high level of liquefied natural gas (LNG) exports from the U.S. to Britain.