Weekly Market Recap (27-01 December) ...Middle East

Monday BoJ Governor Ueda continues to be uncertain about them hitting the 2% target sustainably: Cannot say with conviction that inflation will hit 2% sustainably.Japan economy is recovering moderately.The output gap has narrowed to near zero.Some positive signs seen in wages and inflation.But there is still high uncertainty on whether this cycle can strengthen further.BoJ Governor UedaBoE Governor Bailey (neutral – voter) pushed back on rate cuts expectations: It is too soon to discuss about cutting interest rates.Getting inflation down to 2% will be hard work.A lot of the recent fall in inflation is due to unwinding of energy cost surge.BoE's Govern

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