CNBC Daily Open: Readying for a soft landing?
Publishing timestamp: 2023-12-11 02:30:01
Summary
The US jobs market performed better than expected in November, with an increase in nonfarm payrolls and a decrease in the unemployment rate. Inflation expectations have also dropped. Livestream shopping in China is growing, and JPMorgan Chase analysts have picked Chinese stocks that are leading their industries. Despite concerns about a possible recession, the jobs market and consumer sentiment are supporting a soft landing for the economy. Markets reacted positively to the news, with major indexes ending the week in the green. Investors will be watching for more economic reports and the Federal Reserve's final meeting of the year for further clues on the economic outlook.
Sentiment: MIXED
Keywords: labor economy, s&p 500 index, inflation, prices, dow jones industrial average, nasdaq composite, china, world markets, economic events, business news, united states, personnel, markets, jobs, federal reserve bank,
Source: https://www.cnbc.com/2023/12/11/stock-markets-readying-for-a-soft-landing.html