Fitch: Labor tensions are exacerbating cost pressures on some U.S. companies.

Brent crude oil fell back below $85/barrel, down 0.36% on the day.

According to CNN: The Syrian coalition base was attacked by a drone, causing minor damage.

Fitch: The recovery in the aerospace and defense industry in EMEA will continue.

The Fed accepted a total of $1.079 trillion from 97 counterparties in fixed-rate reverse repurchase operations.

According to the UAE National News Agency: The UAE and Jordan signed a $6 billion memorandum of understanding to strengthen cooperation.

According to Interfax: Russian ministers expect LNG exports in 2023 to be the same as last year.

Source: US Secretary of State Blinken will visit Türkiye this Sunday.

Market News: The U.S. Federal Communications Commission (FCC) proposes to increase broadband speed standards to 100 megabits per second.

US President Biden: Expect to see more US citizens leaving the Gaza Strip in the coming days.

US President Biden: US citizens will leave Gaza on Wednesday.

According to the Associated Press: Mayors of major U.S. cities are seeking to meet with U.S. President Joe Biden on immigration issues.

Market news: JPMorgan Chase (JPM.N) is reportedly seeking partners to boost its private credit business.

U.S. Department of the Interior: U.S. President Joe Biden’s administration remains committed to supporting the offshore wind industry despite the challenges it faces.

Market News: Charles Schwab (SCHW.N) is laying off up to 2,154 of its 35,900 employees.

[The Baltic Dry Bulk Freight Index fell for the tenth consecutive day as demand for various types of ships fell] The Baltic Dry Bulk Freight Index fell for the tenth consecutive trading day on Wednesday as freight rates for various types of ships fell. The Baltic Dry Index fell 58 points, or 4%, to 1,401 points. The capesize shipping index fell 121 points, or 6%, to 1,899 points, the lowest level in more than a month. The average daily profit of capesize vessels decreased by US$999 to US$15,751. The Panamax shipping index fell 45 points, or 2.9%, to 1,489 points, its lowest level since early September. The average daily profit of Panamax ships decreased by US$405 to US$13,398. The Supramax Index fell 16 points, or 1.4%, to 1,119 points.

Reuters calculated that the Russian budget would lose $3.8 billion in tax revenue and $4.8 billion in losses from the reinstatement of refinery subsidies.

JPMorgan Chase: Venezuelan sovereign bonds and PDVSA bonds have been included in the observation period of the EMBI index series, which will last until January 31, 2024.

Bank of Mexico survey: Mexican economists expect inflation to be 4.61% in 2023 and 4.01% in 2024.