- At the start of a crucial week for monetary policy announcements from the Federal Reserve, the European Central Bank, BoE, and a host of their peers, US equity-index futures advanced.
- As recession fears return, investors are seeking more concrete indications of how quickly and how much central banks would tighten monetary policy going forward. Although policymakers have stated that borrowing prices will need to remain tight for some time, the fed is expected to moderate its rate hike frenzy to a 50 basis-point rise on Wednesday. The US inflation number on Tuesday may help determine whether that is the case or whether the markets have reason to anticipate rate reduction in late 2023.
- After weekly losses for the underlying indices, contracts on the S&P 500 and NASDAQ 100 indexes were around 0.3% higher. Treasury prices rose, while the 10-Yr yield decreased by 5 basis points. As traders considered the demand picture amidst escalating economic worries, oil prices plummeted. For the sixth time in seven days, the Stoxx Europe 600 index fell.
- DoJ authorities and Binance attorneys have discussed potential plea agreements in the money laundering case, according to sources. (Bitcoin weakened)
- Due to a storm, Urals and CPC blend oil exports from Russia's Black Sea terminals have been suspended as of December 10 - Traders.
- Beijing Official: Medical services and drug supply under strain in Beijing city.
- UK's Chancellor Hunt on the economy: It is likely to get worse before it gets better and I don't know whether inflation has peaked or not - BBC Interview.
- UK ONS: UK October GDP 2022 GDP 0.4% above pre-COVID 19 level of February 2020.
