Global stocks struggled, the pressure dropped again. In an interview with the Associated Press, Fed’s Mester said that the Fed will have to raise the interest rate above 5% to get inflation at the goal level of 2%. The Bank of Japan (BoJ) maintained its key short-term interest rate at -0.1% and that for 10-year bond yields around 0% during its January meeting by a unanimous vote.
Domestic stocks remained in green, approaching the resistance level of 1,100 points. Finished steel production in December 2022 reached 2,135 million tons, up 16.95% compared to November 2022, but down 21.3% over the same period in 2021, according to VSA.
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