December 2, 2024
United States:
Treasuries Start Week on Back Foot Ahead of Crucial Jobs Data
Treasuries fell on Monday as traders looked ahead to US data that may help shape future Federal Reserve interest rate policy. Yields on the US five-year note added as much as six basis points to 4.10% after tumbling a quarter-percentage-point last week.
Europe:
ECB to Discuss Bigger Rate Cut but Uncertainty High, Kazaks Says
The European Central Bank is likely to cut interest rates again next week and while policymakers are set to debate a bigger-than-usual move, they should proceed carefully, according to Governing Council member Martins Kazaks.
“We’ll definitely discuss this,” the Latvian official told Delfi TV on Monday.
Asia:
China Private Factory Gauge Grows Again in Sign of Stabilization
China’s manufacturing activity expanded for a second straight month, according to a private survey, a further sign of stabilization after Beijing unleashed a stimulus package to shore up the economy.
The Caixin manufacturing purchasing managers index rose to 51.5 last month, the highest since June, according to a statement released by Caixin and S&P Global Monday.
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