January 8, 2025
United States:
US Firms Add 122,000 Jobs in ADP Data, Fewest Since August
US private sector hiring and wage growth slowed in December, indicating an ongoing moderation in demand for workers.
Employment rose by 122,000 last month — the least in four months — following a 146,000 increase in November, according to ADP Research Institute data published Wednesday.
Europe:
German Factory Orders Drop in Pre-Election Blow to Scholz
German factory orders dropped the most in three months, highlighting industry’s woes just weeks before Chancellor Olaf Scholz faces elections.
Demand fell 5.4% in November from the previous month, far worse than the 0.2% decline economists had predicted in a Bloomberg survey. That’s due to a drop in large-scale orders.
Asia:
China Boosts Consumer Subsidies, Vows More Funding to Aid Demand
China will subsidize more consumer products and boost funding for industrial equipment upgrades, ramping up a program aimed at bolstering domestic consumption in the face of growing headwinds for exports.
Consumers will qualify for a 15% subsidy for buying new mobile phones, tablets and smartwatches under 6,000 yuan ($818) this year, according to an official notice published Wednesday by China’s top economic planner and the Ministry of Finance.
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.
