- In the penultimate week of a dismal year for markets, US equity-index futures managed to post modest gains on Wednesday despite further efforts by China to reopen its economy failing to boost investor morale.
- After the index dropped 0.4% on Tuesday, S&P 500 futures swung back and forth before edging up. On track to end a seven-day losing streak, Tesla shares increased more than 4% in premarket trading on worries about declining demand. Treasury yields decreased a little bit as a selloff in bonds throughout the world subsided and the dollar index fell.
- The STOXX Europe 600 index rose, driven by companies in the basic resources sector as industrial metal prices, especially copper, increased. With Germany's 10-Year yield decreasing by more than five basis points, most European bonds saw gains.
- Hopes for a rally in the final trading week of 2022, following a difficult year for the financial markets, are dashed by the remaining cautious tone. Global equities have lost a fifth of their value, the biggest annual loss since 2008, while a global bond index has fallen 16%. The US 10-year yield has increased from 1.5% at the end of 2021 to above 3.80% as a result of the dollar's 7% increase.
- Kremlin: Russia's response to the oil price cap was made without consultation with OPEC+.
- Japan set to import first crude shipment from Russia since May.
