These are some of the business and finance stories to watch out for over the coming week
Still, the BoE is likely to resist ending monetary tightening just yet with inflation still well above its 2% target. Swaps markets imply UK interest rates will hit 4.6% by next September and will end 2023 at 4.5%.After three years of suffocating coronavirus curbs, China can finally breath a little easier. New measures include home quarantine for the COVID-positive instead of isolation centers and no more testing for domestic travel, just in time for a trip to Shanghai's reopened Disneyland.
But that's unlikely to be enough to avoid a sixth straight month of contraction in business activity in December across some of the world's largest economies. Anything from the manufacturing sector to hospitality has seen demand slump and input prices soar. S&P Global's flash composite PMI output indices for the United States, Britain, Germany, France and the wider euro zone are expected to show some mild improvement, but activity in all five regions is expected to have declined again.
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