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Markets calm as fears of new coronavirus mutant, Omicron.
Today, Japanese Finance Minister Shunichi Suzuki said that the Japanese government will stick to its goal of achieving a primary budget surplus by the fiscal year 2025 in Japan.
Shunichi Suzuki stressed that the Japanese government is not considering setting a different fiscal target to replace its primary and aforementioned goal of achieving a primary budget surplus.
It is noteworthy that the Japanese yen declined significantly during Monday’s trading, and the Japanese yen was the most major currency down by about 3.49% due to the improvement in risk appetite in the markets, which significantly weakened the demand for the yen and caused its strong losses against the other major currencies.
Amin H. Nasser, CEO of the oil giant Saudi Aramco, called on world leaders to choose between continuing to invest in fossil fuels in the coming years or surrendering to the risks that may arise from sharp rises in the rate of inflation that portend social unrest that may force the countries of the world to abandon their goals emissions.
Canada’s merchandise trade surplus with the world widened to C$2.09 billion in October from C$1.42 billion in September, monthly data published by Statistics Canada revealed on Tuesday. This reading beat market expectations for a surplus of C$2.00 billion.
The US goods and services trade deficit shrank to $67.1B in October from $81.4B in September, the US Census Bureau reported on Tuesday. That was larger than the expected trade deficit on the month of $66.8B. Monthly imports rose to $290.70B from $288.20B in September, whilst monthly exports surged to $233.60B in October from $206.80B the month prior.
