New bank loans in China likely rose in December, bringing 2023 lending to a new record high, a Reuters poll showed, as the central bank keeps policy accommodative to support a shaky economic recovery.

The U.S. trade deficit unexpectedly narrowed in November as imports of consumer goods fell to a one-year low amid slowing domestic demand, a trend that, if it persists in December, could result in trade having no impact on economic growth in the fourth quarter.

U.S. small business sentiment rose for the first time in five months in December, a survey published on Tuesday showed, but hiring costs and ongoing concerns around inflation continue to sour business owners' confidence.

 Euro zone services activity could weaken further in the coming quarters due to rising interest rates but the impact on the sector may be more muted than on manufacturing, a European Central Bank study concluded on Tuesday.

China is estimated to have overtaken Japan as the world's largest auto exporter in 2023, the China Passenger Car Association (CPCA) said on Tuesday, as BYD (SZ:002594), Chery and other domestic automakers made major strides overseas.

The World Bank has issued a stern warning about a global economic slowdown, projecting that the world economy will grow at a modest rate of 2.4% this year. This projection represents the weakest expansion period in over thirty years, signifying a slight decline from the 2.6% growth recorded in the previous year.