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In our Market Monday insights, Prosperity Investment Management examines the latest developments across the globe's biggest financial markets - providing you with all the latest information you need to know.
US economy sees robust jobs growth in December
US employers added 223,000 positions in December, pushing the jobless rate down to 3.5%, from 3.6% in November.
The resilience of the labour market has raised hopes that the world's largest economy will avoid a severe economic downturn this year.
The US central bank has been raising borrowing costs in an attempt to cool the economy and ease the price pressures currently being faced.
US economic growth has slowed sharply since 2021, when it boomed after the pandemic reopening.
The most recent report showed prices in the US climbing 7.1% from a year earlier - far faster than the 2% previously considered healthy.
Spain announces €10bn help to fight rising prices
Spanish Prime Minister Pedro Sánchez has announced another €10bn (£8.8bn) in support to help address rising prices following Russia's continued invasion of Ukraine.
The proposals include significant cuts to VAT and a €200 one-off payment for millions of households on less than €27,000 a year.
It's Spain's third set of aid measures and brings total support to €45bn.
Spain has succeeded in bringing down inflation in recent months to 6.8%, the lowest annual rate in the European Union and the lowest figure since the Russian invasion of Ukraine in February 2022.
Public transport will also continue to be subsidised - with a discount on season ticket prices extended until the first half of 2023 - but a 20-cent-per-litre fuel discount for consumers will be restricted to a few job sectors.
Third of world in recession this year, IMF head warns
It comes as the war in Ukraine, rising prices, higher interest rates and the spread of Covid in China weigh on the global economy.
In October the IMF cut its global economic growth outlook for 2023.
Figures released over the January period pointed to weakness in the Chinese economy at the end of 2022.
For decades the Asia-Pacific region has depended on China as a major trading partner and for economic support in times of crisis.
Now Asian economies are facing the lasting economic effects of how China has handled the pandemic with its controversial zero covid policy.
