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here.
U.S. markets take a breather
this Down 0.19% Dow Jones Industrial Average Down 0.55% Nasdaq Index Stocks fell 0.18% as traders awaited today’s jobs report.週五亞太市場漲跌互現。 Indian nifty 50 Hang Seng Index
What to expect from the U.S. jobs report
美國11月非農就業報告將於今天稍晚公佈。 After a surprisingly low 12,000 jobs were added in October, largely due to factors such as hurricanes and strikes, economists surveyed by Dow Jones expect the U.S. economy to add 214,000 jobs in November. The October numbers are also likely to be revised higher.
Thursday, Bitcoin announcement
bottom line
The U.S. economy and financial markets appear to be firing on all cylinders.
Although the major U.S. stock indexes fell yesterday, looking at this week’s performance, it looks like it is pausing slightly after setting a series of record closing levels.
Bank analysts say U.S. stocks are likely to continue hitting new highs in the future.
“In terms of SPX movement, we believe the index will end 2025 in a range of 6,500 to 6,700,” said Scott Wren, senior global market strategist. Wells Fargowrote in Wednesday’s notes. At the higher end of Wren’s estimate, that implies room for a 10% upside from Thursday’s closing price.
If that happens for the S&P 500, it would mark the broad-based index’s third straight year of gains. The S&P is up 27.6% year to date, its second-highest annual gain of the 21st century, according to the data Deutsche Bank.
Compared with European stock markets, the strength of U.S. stock markets is more noticeable.
“MAGA policy expectations, coupled with Goldilocks data, revived animal spirits in U.S. stocks. In contrast, Europe remains disadvantaged by stagnant growth, tariff threats and a political crisis in France,” barclays bank Written on Wednesday. “It’s difficult to see an end to American exceptionalism in the short term, and we think this remains the playbook for 2025.”
Likewise, the U.S. economy shows no signs of weakening. Federal Reserve Bank of Atlanta predict The U.S. economy grew at an annualized rate of 3.3% in the fourth quarter. That was up slightly from the 3.2% forecast earlier this week and higher than the 2.8% growth rate in the third quarter.
Employment is the engine of much of the economy. The November jobs report due later today will give investors a deeper understanding of whether U.S. economic and financial growth can continue to move forward.
—CNBC’s Jesse Pound, Lisa Kailai Han and Sean Conlon contributed to this report.
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