Global Markets in Focus: Key Trends and Projections
United States Economic Outlook:
Key Highlights: Expectations center on the US jobs report, JOLTs job openings, ISM Services PMI, and Michigan consumer sentiment.
Nonfarm Payrolls: Projected increase of 170,000 for November, with the unemployment rate steady at 3.9%.
Wage Growth: Anticipated slowdown to 4%.
Services Sector: ISM survey to likely show a modest acceleration in growth.
European Economic Landscape:
Germany’s Trade Data: Forecasts suggest declines in exports and imports for October.
Euro Area: Retail sales are expected to rise after stagnation, with a slight decline in Q3 GDP.
France and Italy: Industrial output and trade balance figures in focus.
Spain and Switzerland: Key data includes unemployment and CPI figures.
UK Market Overview:
Key Reports: Halifax House Price Index, BRC retail sales, new car sales, and S&P PMI updates.
BOE’s Stance, governor Bailey reaffirms no current plans for interest rate cuts.
Cryptocurrency Update:
Bitcoin Rally price spikes to $39,000 on Coinbase, influenced by Federal Reserve Chair’s remarks.
Forex Movements:
Dollar Index Dynamics settled at 103.5 post-Fed Chair Powell’s hawkish comments amid manufacturing and inflation slowdown.
Commodities Corner:
Gold Price Surge record high in Asian trade, fueled by speculation of potential Federal Reserve rate cuts.
Indices Roundup:
Strong Performance S&P 500 and Nasdaq Composite record best monthly gains since July 2020.
Discover more in-depth analyses and projections in your go-to weekly newsletter, “WEEKLY MARKET RECAP,” presented by FTMO. Stay ahead in the dynamic world of global finance!
