🌍📊 Weekly Economic & Geopolitical Update with Professor Sherzodbek Safarov, CFA
Recap of December 2–6, 2024
Join Professor Sherzodbek Safarov, CFA, as he covers key economic and market trends from December 2–6, 2024:
- U.S. Labor Market: 227K jobs added, but unemployment rises to 4.2%.
- Manufacturing & Services: PMI shows contraction in manufacturing and slower service growth.
- Energy Markets: Crude oil inventories drop, pushing prices higher.
- Jobless Claims: A slight increase signals a softening labor market.
Global Spotlight:
- China’s recovery continues with key economic data.
- The Bank of England faces tough inflation decisions.
- U.S. crude inventories impact global oil prices.
Financial Markets:
- NASDAQ +0.76%, S&P 500 -0.64%, Dow Jones -1.82%.
- Crude oil futures rise +3.38%.
Next Week’s Focus:
- Watch the Fed’s rate decision and key U.S. data, including PMI, Retail Sales, and Jobless Claims.
Stay informed with Bloomberg Lab! 📉🌐
