December 2, 2024
United States:
Treasuries Start Week on Back Foot Ahead of Crucial Jobs Data
Treasuries fell on Monday as traders looked ahead to US data that may help shape future Federal Reserve interest rate policy. Yields on the US five-year note added as much as six basis points to 4.10% after tumbling a quarter-percentage-point last week.
Europe:
ECB to Discuss Bigger Rate Cut but Uncertainty High, Kazaks Says
The European Central Bank is likely to cut interest rates again next week and while policymakers are set to debate a bigger-than-usual move, they should proceed carefully, according to Governing Council member Martins Kazaks.
“We’ll definitely discuss this,” the Latvian official told Delfi TV on Monday.
Asia:
China Private Factory Gauge Grows Again in Sign of Stabilization
China’s manufacturing activity expanded for a second straight month, according to a private survey, a further sign of stabilization after Beijing unleashed a stimulus package to shore up the economy.
The Caixin manufacturing purchasing managers index rose to 51.5 last month, the highest since June, according to a statement released by Caixin and S&P Global Monday.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
