Beijing: Wall Street futures and international stock markets were higher on Tuesday ahead of a US employment update, amid concerns of a possible global recession Shanghai, Frankfurt and Hong Kong made progress. Seoul said no Oil prices increased.

Traders worry that the Federal Reserve and other central banks may be poised to push the world into recession to contain inflation, which is at multi-decade highs after a year of significant declines for major stock markets. . Investors are also worried about the effects of the COVID-19 outbreak in China and Russia's conflict in Ukraine.

According to a report by Oanda's Craig Erlam, nearly everyone is coming into 2023 with a healthy dose of nervousness. The CAC-40 in Paris was unchanged at 6,594.63, while the DAX in Frankfurt opened up 0.2% at 14,093.38.

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Ahead of the start of US trading in 2023, futures for Wall Street's benchmark S&P 500 index and the Dow Jones Industrial Average were up 0.5% each.

2022 sees the S&P 500 decline by 19.4%, the most since the 2008 financial crisis. In Asia, the Hang Seng in Hong Kong rose 1.8% to 20,145.29 and the Shanghai Composite index rose 0.9% to 3,116.51. Japanese markets remained closed.

The Kospi fell 0.3% to 2,218.68 in Seoul after South Korea's 2022 exports plunged 9.5% from last year and the nation posted its biggest-ever trade deficit.

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Sydney's S&P-ASX 200 index fell 1.3% to 6,946.20, following a 1.1% drop in December Australian home prices and a drop in an indicator of manufacturing activity.

In India, the Sensex rose 0.5% to 61,167.79. While Bangkok and Jakarta advanced, Singapore declined. Markets remained closed in New Zealand. The most anticipated data point of the week is the minutes of the Fed's most recent meeting, set for release on Thursday. Traders will receive an update on how the US central bank feels about the potential need for additional rate hikes as a result. After this, information about American employment will be given on Friday.

Forecasters forecast a decline in monthly job gains in December, which they hope will persuade the Fed to scale back its plans for additional rate hikes. However, IG's Yep Jun Rong said in a report that the Fed has a "clear focus on keeping inflation under control," which "may still leave pricing data as the key driver of market moves."

Additionally, traders are anticipating the corporate earnings report in mid-January. The Federal Reserve's benchmark lending rate is now between 4.25% and 4.5%, after seven increases in 2016 to nearly zero. According to the US central bank, it will not be cut until 2024 and will reach a range of 5% to 5.25%. % by the end of 2023.

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On the electronic trading platform of the New York Mercantile Exchange, benchmark US crude in the energy sector rose 62 cents to $80.88 a barrel. It rose $1.86 to $80.26 on Monday. The benchmark price for global oil trading, Brent crude, rose 51 cents to $86.42 a barrel in London. The previous session saw an increase of $2.45 to $85.91. The dollar fell to 130.17 yen from Monday's 130.80 yen. The euro declined slightly to $1.0561 from $1.0700.