Pakistan KSE-100 index rose 0.5% to 109,693.20.Sources: Thailand's Cabinet approves the draft of the lowest corporate tax law in the world.OPEC Monthly Report: Russia slightly cut its oil production in November. On Wednesday, OPEC quoted data from second-hand sources as saying that Russia's crude oil production in November decreased slightly by 0.7 million barrels per day to about 8.99 million barrels per day. This is basically consistent with Russia's monthly production quota of 8.98 million barrels under the OPEC+agreement (including voluntary production reduction). Russia promised to cut production in October and November this year and from March to September next year to make up for the excess production since April. The output of Iraq and Kazakhstan has also been higher than the target, and they also promised to further reduce production to compensate for their excess production.
The USD/JPY intraday increase of USD/JPY expanded to 0.50% and is now reported at 152.72.Chilean Mining Association (SONAMI): Copper production in Chile is affected by poor project performance.It is reported that the Bank of Japan thinks that it is no harm to raise interest rates later, but it does not rule out taking action in December. On December 11th, according to informed sources, officials of the Bank of Japan believe that it is not costly to raise interest rates later, and they are still open to taking action next week, depending on data and market trends. The authorities believe that even if the Bank of Japan decides to wait until January or later, it will not pay a huge price, because there are signs that there is little risk that inflation may exceed the target. They also said that if the December meeting proposed to raise interest rates, some officials would not object. According to people familiar with the matter, officials think it is only a matter of time to raise interest rates again, because the economy and inflation are in line with their forecasts. Before announcing the policy decision on December 19, officials will carefully evaluate the data and financial markets before making a final decision.
Putin had a phone conversation with Hungarian President Orban on the situation in Ukraine.Market News: US Secretary of State Blinken will travel to Jordan and Turkey for talks on the Syrian issue on Wednesday.The USD/JPY intraday increase of USD/JPY expanded to 0.50% and is now reported at 152.72.
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
12-13