Responding to lingering concerns over supply, oil prices responded to strong short-term demand by trading at highs last seen in 2014.

Chinese President Xi Jinping appealed directly to major central bank bosses to resist increasing interest rates to ensure global financial stability.

Currency analysts are predicting a tough 2022 for Argentina, Latin America’s third largest economy. The Argentinian Peso is currently trading at 103.29 Pesos to the US Dollar, but is expected to tumble in the coming months, hitting a rate of around 165 Pesos per Greenback by the end of the year.

Copper prices climbed at the end of the week’s trading, in keeping with a bounce from global equities. However, the commodity was still on a downward trend overall.

US stocks dipped at the end of Wednesday's trading as meeting minutes from the last Federal Reserve sit down confirmed the extent to which the American central bank wants to reduce stimulus.

Oil prices rallied on Wednesday as investors monitored the rising number of cases of the Omicron COVID-19 variant. Although there is mounting evidence that Omicron produces milder symptoms, it is still highly transmissible. Spiraling case numbers in several countries have put investors on edge.

Emerging markets suffered a torrid year in 2021. Now, facing a new year with looming higher interest rates, stuttering growth in China, and the lingering Coronavirus pandemic, emerging markets face the future with more questions than answers.

In May 2021, China started cracking down on crypto mining to protect its power supply and use it for manufacturing.

China’s efforts to reduce its climate footprint resulted in a 12% drop in Asian Benchmark iron ore prices on the Dalian Commodity Exchange for 2021.

Asian stock markets showed mixed performance in trading from the last week of the year. With Omicron still looming over many countries, investors were listless.

The US Dollar showed strong gains in Tuesday’s trading on expectations the Fed would raise interest rates in the first quarter of 2022 to counter high inflation.