The world’s top central banks will probably wrap up 2022 with hefty rate hikes as their battle against inflation continues.

Global recovery remains some way off as there are fears that the Fed may continue tightening until it tips the economy into a recession.

Traders have returned after the Thanksgiving holiday to an action-packed week topped off with the final NFP report of the year.

A holiday-shortened trading week starts with investors looking to Fed Minutes for any indication that the pace of rate hikes may slow.

The summit, held on the Indonesian island of Bali, marks the first time the G20 meets since Russia’s February invasion of Ukraine.