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Will the Federal Reserve lower rates in December? This week's non-farm data is crucial.
Citi stated that Friday's non-farm payroll report will be crucial for the Federal Reserve's recent policies and future direction. If employment data is strong and inflation strengthens in November, the Federal Reserve may pause interest rate hikes at the December FOMC meeting; conversely, there is a possibility of a 50 basis point rate cut. Citi analyst Andrew Hollenhorst mentioned in a report on December 2 that, according to Powell's latest views, the usa labor market has not stabilized and is still softening. This indicates that the current policy rate is restrictive and the labor market will not be a source of inflationary pressure. This is in contrast to the current market sentiment.
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U.S. stocks in the early market | The three major indexes showed mixed results, with the Nasdaq rising slightly, most AI concept stocks increasing, palantir up over 5%, and super micro computer up over 8%.
peking time on the evening of the 3rd, the US stock market opened with mixed gains and losses on Tuesday. US stock trade enters the end of the year, with both the s&p 500 index and the Nasdaq hitting record highs yesterday. This week, the market is focusing on the US November non-farm employment data and the Federal Reserve's interest rate path issue.
Indonesian officials: Apple has agreed to invest 1 billion dollars in the future in exchange for lifting the iPhone 16 ban.
① The Indonesian government stated that Apple has raised its committed investment amount to 1 billion USD in order to seek the lifting of the ban on the iPhone 16 series phones; ② In October of this year, the Indonesian government announced a ban on the sale of the iPhone 16 series phones within Indonesia, as Apple failed to meet the requirements for using locally produced components.
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Shengbao banks team predicts that BRICS countries may switch to gold-backed mmf, nvidia's market cap will double that of apple, and OPEC will disintegrate......
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