Employment Change

Key events: Australia - Trade Balance (Oct) China - Exports (YoY) (Nov) China - Imports (YoY) (Nov) China - Trade Balance (USD) (Nov) USA - Initial Jobless Claims Canada - BoC Gov Macklem Speaks On Wednesday, the Dow closed in negative territory, extending its sluggish performance for the week, despite growing indications of a slowdown in the job market that fueled hopes for an eventual Federal Reserve rate cut.

Key events: USA - ADP Nonfarm Employment Change (Nov) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories US markets displayed a mixed performance, with the S&P500 exhibiting a volatile tone marked by a notable increase in losers compared to winners. This came amid the assessment of a stronger-than-expected November ISM Non-manufacturing survey. However, the mood was offset by a significant unexpected decline in October job openings, leading to another dip in 10-year Treasury yields.

Key events:        

Key events:

Key events:       Australia – Retail Sales (MoM) (Dec)    Canada – GDP (MoM) (Nov) USA – CB Consumer Confidence (Jan)   New Zealand – Employment Change (QoQ) (Q4)   Central banks will be in focus this week with meetings of the U.S. Federal Reserve (Fed), European Central Bank (ECB), and Bank of England (BoE), each expected to keep raising rates.

Key events: USA – Nonfarm Payrolls (Nov)   USA – Unemployment Rate (Nov)   Canada – Employment Change (Nov) European markets got off to a moderately positive start to the month, hitting 6-month highs, but then pulled back by the close, with the FTSE100 lagging behind, failing to break out the 7,600 level.