About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Japan big manufacturers' mood surges during October-December period
In the October-December quarter large Japanese manufacturers became more optimistic as for economic conditions, as a government poll disclosed on Monday, which is in another positive sign for the Japanese economy on a record run of surge.
The business survey index of sentiment at large manufacturers kept to +9.7, gaining from +9.4 in July-September, as follows from the joint poll by the Ministry of Finance and the Economic and Social Research Institute.
The market mood was improved by a weaker yen as well as a 12% leap in the Nikkei 225 stock average since last survey period. Meanwhile, sales and revenues gained driven by car manufacturers and producers of electronic parts for smartphones.
The outcomes emerged before the BOJ’s "tankan" poll of corporate sentiment expected on Friday. It’s believed to demonstrate confidence among leading producers at its highest value in more than a decade.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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