The Monday Mix: Dec. 5 – 11, 2022

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Top-of-mind economic news as we start the week:

The U.S. trade deficit widened to $78.2 billion in October as strong U.S. dollar boosted imports and drove exports to a 7-month low.

The U.S. Producer Price Index (measure of wholesale prices) rose 0.3% from Oct. to Nov., above the 0.2% estimate.

U.S. durable goods orders rose 1% from Sept. to Oct., much higher than the 0.4% anticipated; sign the Fed may need to do more to slow the economy.

China in the past week has reduced areas in Covid-19 lockdown by 85%, including where most of the world’s iphones are produced.

— A $2.6 billion underwater pipeline from Barcelona to Marseilles will transport green hydrogen, meeting 10% of Europe’s energy needs by the 2030s.

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