Market News

The Producer Price Index (PPI) for final demand increased by 0.2% in December, seasonally adjusted, according to the U.S. Bureau of Labor Statistics.

In December 2024, U.S. private businesses added 122,000 jobs, marking the smallest gain in four months and falling short of analysts' expectations of 140,000.

For the week ending January 4, seasonally adjusted initial jobless claims were reported at 201,000, reflecting a decline of 10,000 from the previous week's revised figure of 211,000. 

The U.S. Bureau of Labor Statistics reported that job openings remained largely unchanged at 8.1 million on the last business day of November 2024. While stable month-over-month, this figure is 833,000 lower than the 8.9 million openings recorded in November 2023.

The ISM Services PMI climbed to 54.1 in December 2024, up from 52.1 in November, exceeding the market expectation of 53.3.

According to a flash estimate from Eurostat, Eurozone annual inflation is projected to rise to 2.4% in December 2024, up from 2.2% in November.

The eurozone economy remained in a fragile state at the close of 2024, according to the latest HCOB PMI® survey.

The S&P Global US Manufacturing PMI slipped to 49.4 in December 2024, compared to 49.7 in November.