{"id":9970,"date":"2024-12-02T07:18:09","date_gmt":"2024-12-02T07:18:09","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=9970"},"modified":"2024-12-02T07:18:10","modified_gmt":"2024-12-02T07:18:10","slug":"weekly-overview-2024-12-02","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pt\/analytics\/weekly-overview-2024-12-02\/","title":{"rendered":"Week&#8217;s main events (December 02 \u2013 December 06)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (December 02 \u2013 December 06)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n<p class=\"ag-analytics_text\">This week, we will focus on the November Non-Farm Payroll report in the United States. Market attention will also be focused on JOLT data on vacancies, ISM manufacturing, and services PMI indices. Elsewhere, unemployment rates in the Eurozone and Canada will be released, and joblessness data and Q3 GDP growth in Australia will be released. In addition, PMI reports for manufacturing and services are expected for a number of key economies. The OPEC+ meeting will also receive close attention.<\/p>\r\n<div class=\"ag-analytics_title\">Monday, December 02<\/div>\r\n<div class=\"ag-analytics_title-list\">On Monday, the investor should focus on manufacturing PMI data for key economies. This indicator shows how the industry sector is feeling. As a rule, the growth of values is positive for the national currency because the better the economy feels, the lower the probability of central bank rate cuts.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Manufacturing PMI (m\/m) at 00:00 (GMT+2);<\/li>\r\n<li>\u2013 Australia Retail Sales (m\/m) at 02:30 (GMT+2);<\/li>\r\n<li>\u2013 Japan Manufacturing PMI (m\/m) at 02:30 (GMT+2);<\/li>\r\n<li>\u2013 China Caixin Manufacturing PMI (m\/m) at 03:45 (GMT+2);<\/li>\r\n<li>\u2013 Switzerland Retail Sales (m\/m) at 09:30 (GMT+2);<\/li>\r\n<li>\u2013 Switzerland Manufacturing PMI (m\/m) at 10:30 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone Manufacturing PMI (m\/m) at 11:00 (GMT+2);<\/li>\r\n<li>\u2013 UK Manufacturing PMI (m\/m) at 11:30 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone Unemployment Rate (m\/m) at 12:00 (GMT+2);<\/li>\r\n<li>\u2013 Canada Manufacturing PMI (m\/m) at 16:30 (GMT+2);<\/li>\r\n<li>\u2013 US Manufacturing PMI (m\/m) at 16:45 (GMT+2);<\/li>\r\n<li>\u2013 US ISM Manufacturing PMI (m\/m) at 17:00 (GMT+2).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Tuesday, December 03<\/div>\r\n<div class=\"ag-analytics_title-list\">On Tuesday, investors should focus on Swiss inflation data. On an annualized basis, consumer prices are expected to rise at 0.7%, slightly above the current 0.6%. This will not affect the medium-term trends but increase volatility on CHF instruments. Investors should also carefully analyze the JOLTS Job Openings report, which will bring additional volatility to currency pairs with the US dollar. The number of vacancies is expected to increase, which would indicate the labor market&#8217;s strength and could boost the dollar index.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Switzerland Consumer Price Index (m\/m) at 09:30 (GMT+2);<\/li>\r\n<li>\u2013 US JOLTS Job Openings (m\/m) at 17:00 (GMT+2).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Wednesday, December 04<\/div>\r\n<div class=\"ag-analytics_title-list\">Fed Chairman Jerome Powell is scheduled to take part in a panel at the New York Times DealBook Summit on Wednesday, and investors will be watching closely for any comments on the strength of the labor market and inflation outlook, as well as how far the Fed might cut interest rates at its upcoming December meeting. Also, several service sector PMI data are expected to be released on Wednesday. By analogy, this index shows the health of the service sector. The growth of indicators is usually positive for the national currency. Investors should also pay attention to Australia&#8217;s Q3 GDP data. It is expected to grow by 0.9%, slightly lower than the previous 1.0%. If the data comes out worse than expected, it could hurt the Aussie dollar.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Services PMI (m\/m) at 00:00 (GMT+2);<\/li>\r\n<li>\u2013 Australia GDP (q\/q) at 02:30 (GMT+2);<\/li>\r\n<li>\u2013 Japan Services PMI (m\/m) at 02:30 (GMT+2);<\/li>\r\n<li>\u2013 China Caixin Services PMI (m\/m) at 03:45 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone Services PMI (m\/m) at 11:00 (GMT+2);<\/li>\r\n<li>\u2013 UK BoE Gov Bailey Speaks at 11:00 (GMT+2);<\/li>\r\n<li>\u2013 UK Services PMI (m\/m) at 11:30 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone Producer Price Index (m\/m) at 12:00 (GMT+2);<\/li>\r\n<li>\u2013 US ADP Non-Farm Employment Change (m\/m) at 15:15 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone ECB President Lagarde Speech at 15:30 (GMT+2);<\/li>\r\n<li>\u2013 US Services PMI (m\/m) at 16:45 (GMT+2);<\/li>\r\n<li>\u2013 US ISM Services PMI (m\/m) at 17:00 (GMT+2);<\/li>\r\n<li>\u2013 US Factory Orders (m\/m) at 17:00 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone ECB President Lagarde Speech at 17:30 (GMT+2);<\/li>\r\n<li>\u2013 US Crude Oil Reserves (w\/w) at 17:30 (GMT+2);<\/li>\r\n<li>\u2013 US Fed Chair Powell Speaks at 20:45 (GMT+2).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Thursday, December 05<\/div>\r\n<div class=\"ag-analytics_title-list\">The OPEC+ group will hold its meeting on Friday. OPEC+ is expected to decide to extend production cuts further. Last month, OPEC lowered its global oil demand growth forecast for 2024 and 2025 amid economic weakness in China, a major importer, India, and other regions. It is also important to consider the trade balance data in Australia, Canada, and the United States. Switzerland will publish a labor market report. The unemployment rate is expected to rise from 2.6% to 2.7%, but this is unlikely to significantly impact the CHF.<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Trade Balance (m\/m) at 02:30 (GMT+2);<\/li>\r\n<li>\u2013 Switzerland Unemployment Rate (m\/m) at 08:45 (GMT+2);<\/li>\r\n<li>\u2013 UK Construction PMI (m\/m) at 11:30 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone Retail Sales (m\/m) at 12:00 (GMT+2);<\/li>\r\n<li>\u2013 OPEC+ meeting at 13:00 (GMT+2);<\/li>\r\n<li>\u2013 US Trade Balance (m\/m) at 15:30 (GMT+2);<\/li>\r\n<li>\u2013 US Initial Jobless Claims (w\/w) at 15:30 (GMT+2);<\/li>\r\n<li>\u2013 Canada Trade Balance (m\/m) at 15:30 (GMT+2);<\/li>\r\n<li>\u2013 Canada Ivey PMI (m\/m) at 17:00 (GMT+2);<\/li>\r\n<li>\u2013 US Natural Gas Storage (w\/w) at 17:30 (GMT+2).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Friday, December 06<\/div>\r\n<div class=\"ag-analytics_title-list\">Friday&#8217;s main event will be the monthly Nonfarm Payrolls report. Economists expect the economy to add 202,000 jobs in November after disruptions from strikes and hurricanes, which led to a weak October report (12,000 jobs). A strong labor market report allowed the US Fed to be more hawkish at the December meeting, which was positive for the US dollar. Investors should also pay attention to the Eurozone GDP data. The latest economic indicators indicate a slowdown in the region&#8217;s economy, so weak data could hurt the euro.<\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 German Industrial Production (m\/m) at 09:00 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone GDP (q\/q) at 12:00 (GMT+2);<\/li>\r\n<li>\u2013 Canada Unemployment Rate (m\/m) at 15:30 (GMT+2);<\/li>\r\n<li>\u2013 US Nonfarm Payrolls (m\/m) at 15:30 (GMT+2);<\/li>\r\n<li>\u2013 US Unemployment Rate (m\/m) at 15:30 (GMT+2);<\/li>\r\n<li>\u2013 US Michigan Consumer Sentiment (m\/m) at 17:00 (GMT+2).<\/li>\r\n<\/ul>\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.12.02<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\nWe advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n<\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/pt\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (December 02 \u2013 December 06) This week, we will focus on the November Non-Farm Payroll report in the United States. Market attention will also be focused on JOLT data on vacancies, ISM manufacturing, and services PMI indices. Elsewhere, unemployment rates in the Eurozone and Canada will be &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[191,334,340],"tags":[],"class_list":["post-9970","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview","category-weekly-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/9970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/comments?post=9970"}],"version-history":[{"count":2,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/9970\/revisions"}],"predecessor-version":[{"id":9982,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/9970\/revisions\/9982"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/media?parent=9970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/categories?post=9970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/tags?post=9970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}