In this comprehensive analysis, Sergey Tereshkin examines the pivotal economic events slated for Thursday, December 5, 2024. The article delves into significant macroeconomic indicators, including Switzerland's unemployment rate, Germany's manufacturing orders, and the Eurozone's retail sales figures. A focal point is the OPEC+ meeting and its potential ramifications on global oil prices and the Russian economy. Additionally, the piece evaluates the U.S. trade ...

... included: Direct payment programs to citizens to support purchasing power and stabilize domestic demand. Government loans and subsidies for small and medium-sized businesses aimed at minimizing the effects of temporary closures and restrictions. Increased unemployment benefits, which helped citizens cope with financial difficulties, but increased the budget deficit. These measures were necessary to prevent an economic crisis and provide stability during a period of global uncertainty, but they significantly ...

... peaks. Investors reacted to a weak July jobs report: non-farm payrolls increased by just ~73,000 – the smallest gain in recent years. Approximately 100,000 new jobs were expected, so this result highlighted a sharp cooling in the labor market. The unemployment rate rose to 4.2% (previously 4.0%), signaling a decline in labor demand. Together with modest GDP growth in Q2 (~1.5%), these figures indicate a loss of economic momentum in the U.S. The weakening labor market has sharply heightened expectations ...

... relatively high (around 3% according to the core PCE index), the Fed noted a slowdown in economic growth (the forecast for US GDP growth in 2025 has been revised downward to approximately 1.4%) and a moderate cooling in the labor market. Fresh data on unemployment claims (rising to 226,000 for the week) and weak new job creation dynamics have bolstered expectations that the regulator may move to cut rates as early as September. An additional factor is the personnel changes: Donald Trump has nominated ...

... market report in Canada. On Friday at 15:30 Moscow time, employment figures for Canada for July will be released. Analysts expect moderate growth in the number of employed following a significant increase in the previous month and stabilization of the unemployment rate around the 7% mark. If the actual data deviates significantly from the forecast, it could impact the Canadian dollar (CAD) and partly the neighboring U.S. dollar through trade relations between the U.S. and Canada. For global markets,...