Australia RBA December Interest Rate Decision, Germany November CPI, Canada BoC Interest Rate Decision, US Crude Oil Inventories, US 10-Year Note Auction, Switzerland 4Q24 SNB Interest Rate Decision, Europe December Deposit Facility Rate, ECB December Interest Rate Decision, US Initial Jobless Claims, US November PPI, UK October GDP.
The S&P 500 and the Nasdaq Composite slid about 0.6%, weighed down by a decline of more than 2% in Nvidia. A regulator in China said it was investigating the chip giant over possible violations of the country’s antimonopoly law.
Last week, South Korean President Yoon Suk Yeol announced the imposition of an “emergency martial law” during a televised briefing on Tuesday. President Yoon accused the opposition parties of paralyzing the government through what he described as anti-state activities and sympathizing with North Korea.
The S&P 500 and Nasdaq Composite rose to fresh records on Friday after November jobs data came in slightly better than expected, but not so hot as to deter the Federal Reserve from cutting rates again later this month.
3Q24 Japanese GDP (QoQ), Australia RBA December Interest Rate Decision, Germany November CPI, Canada BoC Interest Rate Decision, US Crude Oil Inventories, US 10-Year Note Auction, Switzerland 4Q24 SNB Interest Rate Decision, Europe December Deposit Facility Rate, ECB December Interest Rate Decision, US Initial Jobless Claims, US November PPI, UK October GDP.
November Average Hourly Earnings (MoM), November NonFarm Payrolls, November Unemployment Rate ASIA & EUROPE MARKETS: Investors are continuing to monitor the political situation in South Korea and France.
Stock futures were near the flatline Thursday night as investors awaited key payrolls data. Futures tied to the Dow Jones Industrial Average dipped 13 points, or less than 0.1%.
Investors await new U.S. employment data due Friday. Economists polled by Dow Jones expect the U.S. economy added 214,000 jobs in November.
U.S. indices advanced on Wednesday. The S&P 500 and Nasdaq Composite scaled to record highs Wednesday, with tech shares leading the charge following strong reports from Salesforce and Marvell Technology.
