Global markets start the new year positively after Wall Street posted its worst-performing year since 2008. IUMF Managing director Kristalina Georgieva has warned of a tough 12 months ahead. Chinese manufacturing activity at state firms hovers near a three-year low following the abolition of Covid regulations. President Xi Jinping has told his nation that the next phase in its Covid response would prove to be challenging. In corporate news, Tesla has posted record Q4 production and delivery numbers but misses estimates as supply chain issues and recession concerns continue to weigh. CNBC learns that Sam Bankman-Fried will plead not guilty to fraud charges over the collapse of his FTX cryptocurrency exchange.  

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