Wait and See, welcoming the month of Window Dressing. The lack of sentiment in economic data last week, domestically and globally, led investors to immediately anticipate manufacturing and inflation data in November, which was released Thursday.
Wait and See, welcoming the month of Window Dressing. The lack of sentiment in economic data last week, domestically and globally, led investors to immediately anticipate manufacturing and inflation data in November, which was released Thursday.
US Nonfarm Payrolls exceed expectations, maintaining an aggressive Hawkish FFR fight against inflation, and Wall Street Mixed within the weekend. A report from US Labor Department shows Nonfarm Payrolls in Nov. increased by 263K (Vs. Surv. 200K), with wage growth rising higher even as recession fears mount.
US Manufacturing PMI is significantly contracted to 47.7 points as borrowing costs rise higher, weighing the demand for the goods. The manufacturing contraction proved the FFR gains had cooled the US domestic economy, with mixed responses from the investors and Wall Street closed mixed.
US Manufacturing PMI is significantly contracted to 47.7 points as borrowing costs rise higher, weighing the demand for the goods. The manufacturing contraction proved the FFR gains had cooled the US domestic economy, with mixed responses from the investors and Wall Street closed mixed.
Job openings fell moderately, in line with the expectations of the Fed to suppress inflation. The data shows JOLTS Job Openings As of Oct., as much as 10.3 million (-2.2% MoM) as the FFR reached the level of 3.75%-4.00%, putting pressure on the US economy.
Job openings fell moderately, in line with the expectations of the Fed to suppress inflation, prompting Nasdaq to lead Wall Street’s gains or appreciate by more than 4%. The data shows JOLTS Job Openings As of Oct., as much as 10.3 million (-2.2% MoM) as the FFR reached the level of 3.75%-4.00%, putting pressure on the US economy.
Consumer confidence and US home prices fell again, as inflation and high-interest rates have persisted for a long time. The data shows Conf. Board Cons. Confidence US in Nov. dropped to 100.2 (Vs. Oct. 102.2), with S&P CoreLogic Case Shiller AS in Sept. weakened – 1.24% MoM (Vs. Aug. -1.30% MoM).
Consumer confidence and US home prices fell again, as inflation and high-interest rates have persisted for a long time. The data shows Conf. Board Cons. Confidence US in Nov. dropped to 100.2 (Vs. Oct. 102.2), with S&P CoreLogic Case Shiller AS in Sept. weakened – 1.24% MoM (Vs. Aug. -1.30% MoM).
