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Below are Views On Global Market 09 December 2021 by Heena Naik, Research Analyst - Currency, Angel One Ltd

- RBI maintains growth target for FY 22 at 9.5 while Fitch reduced its projection to 8.4% from 8.7% earlier.

- China’s CPI rises in November at the fastest pace since August 2020, while factory inflation eases off from the recent 26-year high.

- US JOLTS data showed that job openings surged in October while hiring decreased, suggesting a worsening worker shortage. Fewer workers were voluntarily quitting though. 

- Germany gets a new chancellor Olaf Scholz as Angela Merkel’s 16-years chancellery comes to an end.  

- Japan’s economy shrank slightly faster than initially reported in the third quarter, as a sharp rise in local COVID-19 cases hit private consumption and a global chip supply shortage hurt corporate sentiment.

- UK’s PM Boris Johnson imposed tougher COVID-19 restrictions in England, ordering people to work from home, wear masks in public places and use vaccine passes.

- BioNTech and Pfizer said a three-shot course of their COVID-19 vaccine neutralised the new Omicron variant in a laboratory test, an early signal that booster shots could be key to protection against infection from the newly identified variant.

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