The Market Brief
Hey team, U.S. index futures opened lower in December following strong gains in November, as attention shifts towards a series of economic data releases later this week, including the jobs report.
Let’s see what’s ahead this week!
Impact Snapshot
🟥 ISM Manufacturing PMI - 10:00am
Macro Viewpoint
Stock futures edged down slightly on Monday morning as investors set their sights on the final month of trading for the year.
As December begins, stocks are trading near record highs, with the benchmark S&P 500 boasting a year-to-date gain of over 25%.
This strong performance has been partly driven by expectations that the Federal Reserve will continue lowering interest rates into next year, following a total reduction of 75 basis points in 2024.
In the week ahead, investors will gain new insights into the health of the U.S. economy with the release of a closely watched employment report.
The jobs data will offer a clearer picture of the underlying employment trends, a critical factor amid ongoing debate and uncertainty about the Federal Reserve's future interest rate decisions.
