How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
American job openings suddenly dive in November
In November, US job openings suddenly declined, as official data revealed on Tuesday.
The US Labor Department informed that in November the overall number of job openings, excluding the farming industry, declined to 5.879 million from 5.925 million in October, which was updated down from the original outcome of 5.996 million.
Market experts had expected the number of job openings to inch up to 6.038 million in November Versus October’s outcome.
The report has attracted more attention notwithstanding the lag on the data because outgoing Fed Chair Janet Yellen has cited the poll when estimating the state of the labor market.
Aside from that the publication stressed that, over the month, separations and hires were nearly intact, sticking to 5.2 million and 5.5 million respectively.
American stock markets demonstrated mixed signs after the start. The Dow 30 rallied 0.23%, the S&P 500 acquired 0.05%, the Nasdaq Composite slumped 0.07%.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.