This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

It feels like markets are reliving the worst of 2022. But investors still hope for a fresh start this year.

• U.S. stocks had a mixed Friday. The S&P 500 and the Dow Jones Industrial Average rose, but the Nasdaq Composite slipped. Asia-Pacific started the week down, with only China’s Shanghai Composite and Shenzhen Component gaining among the major markets.

• Russia said it would cut oil output by 500,000 barrels per day in March. This amounts to a 5% reduction from recent levels. Oil prices popped 2% on the news.

• Moody’s slashed its outlook for four Adani Group companies from stable to negative, citing a “significant and rapid decline” in their market value. The Securities and Exchange of India will meet the country’s finance minister on Feb. 15 to brief him on investigations into the Indian conglomerate.

• The Japanese yen strengthened against the U.S. dollar after Nikkei reported that Kazuo Ueda would be appointed as the Bank of Japan’s next governor. Ueda may not be a “super hawkish type,” said an economist — so the BoJ might keep its loose monetary policy on his watch.

• PRO With its earnings beat and vast restructuring plan, Disney has been making the news lately. But is it wise entering the Magic Kingdom? Two investors make their case for and against buying the stock.

A selloff in the U.S. markets, rising oil prices and escalating U.S.-China tensions — it feels like we’re back in the worst part of 2022.

U.S. stocks had a terrible week. The Nasdaq dropped 0.61% on Friday, giving it a 2.41% loss for the week. The Dow gained 0.5% and the S&P rose 0.2%, but they still ended the week lower, with the S&P turning in its worst weekly performance in nearly two months.

Higher energy prices are back, too. The Brent contract for April, which covers oil from Europe’s North Sea, hit $86.39 a barrel, having risen more than 8% for the week. U.S. West Texas Intermediate crude futures rose to $79.72 a barrel, an 8.63% increase for the week — its best since October. Those prices spiked about 2% each on Friday after Russia said it would cut oil production next month to retaliate against Western sanctions.

Relations between the United States and China are fraying. After the U.S. shot down a suspected spy balloon last week, the Commerce Department imposed sanctions on six Chinese aerospace companies that it said support China’s espionage program. On Sunday, the U.S. military shot down a fourth unidentified object — following a second object downed on Friday and a third over the Yukon on Saturday. Though the objects’ origins are still unclear, it’s increasingly likely more sanctions will come.

Amid all that, investors are focusing on the upcoming U.S. consumer price index reading for January with renewed intensity. The numbers will indicate whether we’ll be forced to relive the dark days of 2022, or if there’s hope in at least one part of the economy — America’s consumers.

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