S&P Global PMI Cools as Input Prices Hit Three-Year High
December’s flash survey shows fading new orders and slowing services, even as cost pressures reheat.
Fresh coverage on the economy, markets, and the forces moving money.
December’s flash survey shows fading new orders and slowing services, even as cost pressures reheat.
Payrolls rebounded but unemployment hit 4.6%, nudging equities mixed, energy lagging, and Fed cut odds near 24%.
November payrolls rebounded but unemployment, underemployment, and wage growth weakened, while October retail sales stalled.
Reuters expects a 0.75% move driven by wage inflation, with yen and carry trades in focus.
Stocks and crypto eased as investors de-risked before labor data that could reshape 2026 rate-cut expectations.
Markets brace for a noisy October-November jobs dump, with forecasts near 40,000–50,000 and rising unemployment.
Retail sales and investment weakened in November, and markets await clear, consumption-focused fiscal support details.
Beijing plans to expand exports and imports while considering liquidity easing, risking renewed U.S.-EU trade frictions.
Diverging views on 2026 Fed cuts keep the dollar under pressure, with mixed forecasts for further declines.