US ISM Services PMI rose to 54.1 in December, beating expectations of 53.5 and marking a robust rebound from November’s 52.1. The strong performance signals continued resilience in the services sector, which has now expanded in 22 of the past 24 months. The December reading, the third-highest of 2024, suggests solid momentum heading into the […]
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US initial jobless claims fell -10k to 201k in the week ending January 4, below expectation of 218k. That’s also the slowest number since February 2024. Four-week moving average of initial claims fell -10k to Read more…
US ADP private employment data revealed a slowdown in job creation for December, with 122k jobs added, missing market expectations of 143k, and prior month’s 146k. Breaking down the numbers, goods-producing sectors added 10k jobs, Read more…
Crude oil continues to rise for a third week. On Wednesday, the price of a barrel of Brent crude rose above $77.50, its highest level in almost three months. Better-than-expected economic data from the US Read more…