Financial News

Tech Leads 2024 Job Cuts: Despite 20% fewer layoffs vs. 2023, tech remains the top sector for cuts, followed by spikes in education, utilities, and government.

Natural gas is moving away from session highs as traders react to the EIA report.

U.S. job growth slowed in December as private payrolls missed expectations, but lower unemployment claims signal labor market resilience.

ISM Services PMI has also exceeded analyst expectations, serving as an additional bearish catalyst for stocks.

U.S. trade deficit widens to $78.2B in November, signaling stronger import growth. Key market impacts and USD outlook analyzed for traders.

The report showed that business confidence improved while cost inflation eased to the slowest for almost a year.

German inflation jumps to 2.9%, lifting the euro as traders brace for fewer ECB rate cuts in 2025. What’s driving the surge?

U.S. manufacturing contracts for the ninth month, but rising new orders and production hint at potential stabilization. Employment continues to decline.

US jobless claims drop to 211K, signaling labor market strength. Seasonal layoffs are lower than expected, boosting economic confidence.

China’s PMI data signals stimulus impact as World Bank upgrades growth forecast to 4.9% for 2024. Services sector gains momentum.

The report showed that Texas factory activity increased in December.

Chicago PMI drops to 36.9, signaling deeper manufacturing contraction. Bearish implications for USD as economic pressures weigh on the sector.

Natural gas pulls back from session highs as traders react to the EIA report.

U.S. trade deficit widens to $102.9B as imports surge. Rising retail inventories point to strong demand, while the Fed may delay rate cuts to control inflation.

Initial claims drop by 1,000, yet rising insured unemployment sparks concerns over hiring slowdowns. Markets brace for short-term volatility.

The report showed that consumers were less optimistic about future business conditions and incomes.

Year-ahead inflation expectations increased from 2.6% in November to 2.8% in December.

November inflation slows with PCE at 2.4%, under consensus. Declining energy costs and modest goods spending temper overall price growth.

Retail sales rebound slightly in November, but UK economic uncertainty threatens a fragile recovery.

Colder weather forecasts provide additional support to natural gas markets.