The final month of the year is almost here but there’s no time yet to slow down. Here’s a look at the week ahead in markets
The final month of the year is almost here but there’s no time yet to slow down, with latest U.S. jobs numbers and euro zone inflation data coming up.
The U.S. economy likely created 200,000 new jobs, a Reuters poll of economists forecasts found, in what would be the smallest gain since December 2020. Estimates ranged from 150,000 to 240,000. The authorities also look set to impose a fine of more than $1-billion on Jack Ma’s Ant Group, setting the stage for ending the fintech company’s two-year long regulatory overhaul.Manufacturing indicators, mainly PMIs, due next week might attest to the weakness already seen across the economy. Beijing has hinted at cutting bank reserve requirements to help support the economy. Economists reckon China will do what it takes to get growth above 5 per cent next year.U.S.
Markets price in an 80 per cent chance of another 75 bps hike in December. Indeed, the Fed may be getting ready to slow the pace of its rate hikes, but the ECB is not there yet.Cryptocurrencies will likely remain under pressure, as the industry nervously waits to see whether any of the dominoes tottering after the collapse of crypto exchange FTX fall over.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Public service will swell to 409,000 in five years, PBO says | SaltWireThe Parliamentary Budget Office's count, the public service grew from 342,000 jobs in 2015-16 to 391,000 in 2020-21. By 2027, it anticipates growing by another 18,000, at a cost of about $21 billion. cdnpoli
Read more »
Five young teens charged in connection with sexual assaults on bus in Lower Sackville area | SaltWireLOWER SACKVILLE, N.S. — Five young teens are facing sexual assault and harassment charges after an incident on a Halifax Transit bus in the Lower Sackville ...
Read more »
Five Indigenous artists who are changing our sonic landscapePart of a new generation, Indigenous artists including Snotty Nose Rez Kids and Crown Lands are honouring their cultural identities on their own terms
Read more »
Valley Search and Rescue members reflect on five decades of operations | SaltWireAn Annapolis Valley search and rescue organization is reflecting on a half century of operations, a milestone that wouldn’t have been reached without dedicated volunteers. | SaltWire
Read more »
The CEOs of the Year: Five leaders who outshone their peersEach year, Report on Business magazine recognizes five leaders who’ve made outstanding contributions in the Canadian business realm
Read more »