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Moody's expects US corporate debt default rate to rise from 2% in 2022 to nearly 6% by end-2023, and to 17.7% in worst-case scenario; sectors expected to feel worst pinch this year include shipping, chemicals, metals and mining, paper and forest products

Wells Fargo expects restaurants to be more profitable in 2023, but not back to pre-pandemic levels, at McDonald's, Yum Brands, Restaurant Brands International, Domino's, Starbucks, Darden; rosier outlook due to falling costs, China's easing lockdowns

Canada's number of business openings in October decreased 0.4 percentage points to 4.2%, while closures increased 0.1 percentage points to 4.8%; number of active businesses fell 0.3%, or 2,563 in October: Statistics Canada

Morgan Stanley: US financial markets are underestimating sticky cost inflation eating away at company profits; market isn't paying enough attention to so-called negative operating leverage cycle, where companies' costs seem to be rising faster than sales

S&P Global Flash Eurozone PMI in January rose to 50.2 from 49.3 in December; growth driven by technology, healthcare and pharmaceutical sectors

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