The New York Stock Exchange on June 9th saw a sharp drop in the Dow Jones Industrial Average of more than $600 as sell orders swelled as fear of prolonged inflation increased.
The World Bank said in an economic outlook that the growth rate of the world economy, which has the worst postwar decline in 2020 due to the COVID-19 pandemic will turn to a positive 4% in 2021.
The preliminary figures for the November industrial production index released by the Ministry of Economy, Trade, and Industry on the 28th were 95.2, the same as the previous month.
The first preliminary report of gross domestic product (GDP) for the July-September period increased by 5.0% from the previous period (April-June) in real terms.
JPMorgan analysts mentioned the worst of the commodity-market carnage is over and global oil demand remains at historic lows as inventory vastly outpaces storage.