In the EU, the war between Russia and Ukraine is still on everyone’s mind, especially due to its contribution to the current economic situation. The US is not immune to the economic slowdown and is seen as leading in the battle against inflation. Since they published more macroeconomic numbers this week, many seem to be waiting for more news on what the world will look like.

China’s changed approach to COVID also turned some heads last week, as they will move away from their initially chosen zero-Covid strategy. The ripple effect of the news was supportive for markets, but the impact of a different strategy could also be felt through a spike in COVID cases, which should not be underestimated.

When we get there, we will have to find out the actual market view at the start of 2023.

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