NEWSFEED HIGHLIGHTS

China left benchmark loan prime rates (LPRs) unchanged for the seventh consecutive month in December on Monday, matching market expectations.

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Though we remain long-term bullish on crude oil, recent price action has been admittingly frustrating.

Earlier this week, CME crude oil prices slipped to a four-year low as tepid seasonal demand and rumours that the Russia-Ukraine conflict could soon end weighed on the market. This bearish backdrop pushed prices to our pain point of $55/bbl, causing us to get stopped out (at least on paper), and forcing us to reevaluate strategies… (LiveSquawk – Continue Reading)

Japan’s central bank on Friday raised its short-term rates to a three-decade high, marching ahead with its policy normalization, as inflation has stayed above its target levels for nearly four years now.

The Bank of Japan raised benchmark rates by 25 basis points to 0.75%, their highest level since 1995, and in line with expectations of economists polled by Reuters.

The BoJ said that real interest rates are expected to remain “significantly... 

It was a close call, but Christmas came early for UK households as the Bank of England delivered on expectations and lowered borrowing costs.

The Monetary Policy Committee voted by a narrow 5–4 margin to cut Bank Rate by 25 basis points to 3.75% at the conclusion of its two-day meeting. Governor Andrew Bailey cast the decisive vote, siding with the doves, while Megan Greene, Clare Lombardelli, Catherine Mann and Huw Pill voted to keep rates on hold.

In its... 

The BoJ’s Policy Board is widely expected to raise its target rate by 25 basis points to 0.75% on Friday.

Comments from Governor Kazuo Ueda reinforced market conviction. Speaking to business leaders in Nagoya on 1 December, Ueda said the contraction seen in Q3 was temporary and that the economy would “return to positive growth” thereafter.

On inflation, he noted that sizeable positive contributions from rice and other food items largely reflected...