Investors are keeping an eye on some figures this week.
- Nonfarm payroll: Eyes are on the US jobs report for November, that will be released next Friday, where analysts forecasted the addition of 200,000 new jobs, meaning it would be the tiniest climb since almost couple of years ago. That will mark the final nonfarm payroll report prior Feds wrapping up the year with their last meeting in December.
- Fed Speak: Economic forecasts is to be examined next Wednesday, that will be shared by Fed Chair Jerome Powell. Who has implied earlier the possibility that Fed could slow down rate hikes in December.
- Retail Stocks: Investors are eagerly awaiting to see how the black Friday performance will affect the retail stocks that is considered a gauge for the consumer confidence amid sagged inflation and weak economy. Spendings online nudged up by 2.3% on Friday at a record of $9.12 billion.
- Eurozone Inflation: Figures will be released on Wednesday; market speculations are currently hovering around 50 -75 point raise for ECB upcoming meeting that is scheduled to be on the 5th of December. Eurozone CPI surpassed ECB’s target in October by more than 5 times at 10.6%.
- China PMIS: PMI figure are awaited on Wednesday as Covid-19 restrictions keeps on having a negative effect on the economy. China is now suffering from combating a spiked record number of Covid-19 cases, quashing hopes that the economy will be revived by the beginning of the upcoming year.
