Market News

The PCE price index increased by 0.1% in November, with a similar 0.1% rise when excluding food and energy.

The preliminary seasonally adjusted initial claims statistic for the week ending December 14 was 220,000, which was 22,000 lower than the revised amount of 242,000 for the prior week. Compared to the previous week's unrevised average of 224,250, the 4-week moving average increased by 1,250 to 225,500.

The U.S. economy expanded at an annualized rate of 3.1% in the third quarter of 2024, according to the "third" estimate released by the U.S. Bureau of Economic Analysis (BEA).

The Federal Reserve's recent decision to cut the federal funds rate by 25 basis points, bringing it to a target range of 4.25% to 4.5%, marks the third reduction in 2024. 

In November 2024, the annual inflation rate in the euro area increased to 2.2%, up from 2.0% in October, but slightly lower than the 2.4% recorded a year earlier, according to Eurostat.

After adjusting for seasonal variance, holiday and trading-day differences, and price changes, the advance estimates for November retail and food services sales in the United States came to $724.6 billion.

The HCOB Flash Eurozone Composite PMI Output Index for December stood at 49.5, marking an improvement from November's 48.3 and reaching its highest point in two months.

According to the U.S. Bureau of Labor Statistics, the Producer Price Index (PPI) for final demand increased by 0.4%in November on a seasonally adjusted basis.