Angelo Vertti, 7 de fevereiro de 2024

By entering your email address, you agree to our Terms of Use and acknowledge the Privacy Policy. Economists expect 214,000 added in November, for a spike in hiring https://coinmarketcap.com/currencies/bitcoin/ activity following October’s dismal reading of 12,000 new hires. In energy trading, benchmark U.S. crude added 14 cents to $70.08 a barrel.

There appeared to be a strong chance the vote might topple Prime Minister Michel Barnier’s Cabinet. HONG KONG (AP) — Global stocks were mixed Wednesday after overnight political drama in South Korea added to regional uncertainties, though the Kospi in Seoul fell less than 2%. Traders are now pricing in about a 72% chance that the Fed lowers rates by a quarter percentage point at its Dec. 18 meeting, compared with 62% a day ago, per the CME FedWatch tool. Also on Tuesday, policymakers Mary Daly, Austan Goolsbee, and Adriana Kugler suggested rates will continue to fall as the central bank brings policy closer "to a more neutral setting." Fed Chair Jerome Powell is set to speak on Wednesday.

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The bulk of the Black Friday sales gains came from online sales, which were up 14.6%, compared with just a 0.7% increase in in-store sales, according to Mastercard. The takeover has since been referred to the Committee on Foreign Investment in the U.S. by President Joe Biden, which is expected to issue a report this month. U.S. Steel  (X)  shares tumbled in early trading after President-elect Donald Trump vowed to block the group’s $15 billion takeover by Japan’s Nippon Steel. Yoon said move would allow him to “eradicate pro-North Korean forces and protect the constitutional democratic order.” South Korea hasn’t had a martial law declaration since the country’s infamous Coup d’etat in 1979. The S&P 500 was marked 2 points lower, or 0.02% higher in the opening minutes of trading, while the Nasdaq slipped 30 points, or 0.15%.

Fed’s Mary Daly: Policy will remain restrictive but rates will fall

Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. In Europe, stocks were higher in the midday session, with the Stoxx 600 benchmark rising 0.46%. The focus remains on markets in France amid a vote of no confidence for the government of Prime Minister Michel Barnier and President Emmanuel Macron, which is expected later today. Adobe Analytics said Cyber Monday spending rose 7.3% from last year to a record $13.3 billion, and expects online holiday sales to rise past $240 billion over the five weeks ending on December 31.

Stocks finished mixed Tuesday, with the S&P 500 and the Nasdaq closing at fresh record highs, as investors looked to a series of labor market releases over the coming days to define the Federal Reserve’s interest rate path. US stocks closed mixed on Tuesday as investors digested fresh jobs data and new Fedspeak regarding the path forward for interest rates. Our website offers information about investing and saving, but not personal advice. If you’re not sure which investments are right for you, please request advice, for example from our financial advisers. If you decide to invest, read our important investment notes first and remember that investments can go up and down in value, so you could get back less than you put in. According to the CME FedWatch Tool, markets see a 77% chance of a Fed rate cut at the December 18 FOMC meeting.

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Brent crude, the international standard, gained 20 cents to $73.82 a barrel. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. The CME Group’s FedWatch pegs the odds of a December cut at around 72.5% but has trimmed https://momentum-capital-crypto.net/ bets on 2025 reductions from four to around two and a half as inflation pressures continue to linger. Smith said that December overall is the second-best performing month since 1950 with a 1.6% average gain, behind only November, and is the third strongest over the past five years, behind November and July.

• The retail deal season continued following Black Friday, with Cyber Monday deals set to take over this week.
• "Black Friday was a good indicator of how the holiday season is positively shaping up," said Michelle Meyer, the chief economist at Mastercard Economics Institute.
• Adobe Analytics said Cyber Monday spending rose 7.3% from last year to a record $13.3 billion, and expects online holiday sales to rise past $240 billion over the five weeks ending on December 31.
• Also on Tuesday, policymakers Mary Daly, Austan Goolsbee, and Adriana Kugler suggested rates will continue to fall as the central bank brings policy closer "to a more neutral setting." Fed Chair Jerome Powell is set to speak on Wednesday.
• But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks.

Why Wall Street is betting on a strong economy in 2025

On Wall Street, stocks are set for a muted open ahead of job openings data at 10 a.m. Eastern Time, with futures contracts tied to the S&P 500 priced for a 3-point opening bell gain. Benchmark 2-year Treasury note yields, the most-sensitive to interest rate moves, were last marked at a 4.184% heading into the start of the Tuesday trading session, with 10-year notes trading at 4.219%. Fed Chair Powell is likely to address those concerns when he speaks at the New York Times DealBook Summit on Wednesday, as are the slate of Fed officials due to speak over the coming days and into the central bank’s Dec. 18 rate decision. The group had earlier reported that online spending on Black Friday rose 10.2% from last year to a record $10.8 billion. George Smith, portfolio strategist for LPL Financial, said that November once more lived up to its reputation for seasonal strength as an election-fueled November “Turkey Rally” delivered outsized returns for stocks.

Trump said tax incentives and tariffs will enable the American steel giant to thrive on its own. Job openings rebounded in October as investors continued to debate how rapidly the US labor market is cooling. By signing up to newsletters, you agree to our Terms of Use and acknowledge the Privacy Policy. CNN and its affiliates may use your email address to provide updates, ads, and offers. "Our real-time insights show that consumers are comfortably in the gift-giving spirit as price reductions and deals occur across sectors, supporting budgets for holiday https://www.investopedia.com/terms/c/cryptocurrency.asp shopping."

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U.S. job openings rose to 7.7 million in October, the Labor Department reported, a bigger-than-expected tally that suggests ongoing strength which could lead to lingering inflation pressures over the coming month. Turning to economic data this week, investors will be eyeing November auto sales data on Tuesday, ADP employment data on Wednesday, and the November jobs report on Friday. At least two legs of that bull market stool will be tested this week, however, with three key job market readings over the next three days leading into Friday’s crucial November employment report. Please bear with us as we address this and restore your personalised lists. Please bear with us as we address this and restore your personalized lists. With the third-quarter earnings season mostly over, investors will turn their attention to economic data as the holiday shopping season heats up.

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"Black Friday was a good indicator of how the holiday season is positively shaping up," said Michelle Meyer, the chief economist at Mastercard Economics Institute. According to data from Mastercard SpendingPulse, there was a 3.4% year-over-year increase in US retail sales on Black Friday, which included both in-person and online sales. The retail deal season continued following Black Friday, with Cyber Monday deals set to take over this week. Christopher Waller, a Fed governor, said the same day that he was "leaning toward" an interest rate cut. Elsewhere in the region, in a further step toward an outright trade war, China announced Tuesday it was banning exports to the United States of gallium, germanium, antimony, and other key high-tech materials with potential military applications. Beijing took the measure after the U.S. expanded its list of Chinese companies subject to export controls on computer chip-making equipment, software, and high-bandwidth memory chips.