Market news: Former European Central Bank Governing Council member Rimcevics was convicted by a Latvian court. Rimcevics faces 6 years in prison and asset confiscation for corruption. Rimcevics said he will appeal.

Confederation of German Industry: The German economy is heading towards recession.

Confederation of German Industry: We expect real economic output to fall by 0.4% in 2023.

Reserve Bank of India: The goal of sustained inflation consistent with the target is far from being achieved. Improvements in the quality of government spending bode well for medium-term growth prospects and fiscal consolidation.

Reserve Bank of India: Forecasts show inflation will rise further from the average level of 4.9% in September to October 2023 before falling. Inflation is hurting discretionary consumer spending.

The Reserve Bank of India: The inflation rate is expected to fall to 4.6% in the first three quarters of the 2024-2025 fiscal year.

Reserve Bank of India: Global economic growth is likely to slow further in 2024.

Reserve Bank of India: The strong momentum of economic activity in India is expected to continue.

Reserve Bank of India: CPI inflation is expected to ease in the first three quarters of the 2024-25 fiscal year.

Amazon Web Services (AWS) launches second infrastructure region in Canada.

According to TASS news agency: A Russian court fined Google 4.6 billion rubles.

Market news: French antitrust authorities fined Sony (SONY.N) 135 billion euros, accusing it of abusing its market position for the PS4.

National Highway Traffic Safety Administration: Honda Motor Co (HMC.N) is recalling 106,030 U.S. vehicles due to battery cable issues.

Spot silver fell back below $24 per ounce, down 0.19% on the day.

Vietnam’s Ministry of Trade: Vietnam’s exports are expected to reach US$354.5 billion in 2023.

Vietnam’s Ministry of Trade: Vietnam’s trade surplus is expected to triple to US$30 billion in 2023.

WTI crude oil stood at $75/barrel, up 1.11% on the day.

Swiss logistics services company Kuehne + Nagel: More detours are expected due to attacks in the Red Sea. 103 container ships have already detoured around Africa.

Vietnam expects air passenger traffic to increase by 7.1% year-on-year in 2024.