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U.S. stocks are drifting around their records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation

China is fine tuning its policies aimed at revving up its economy as it braces for an uncertain future in relations with the United States under President-elect Donald Trump

November’s job numbers — the final piece of data the Bank of Canada is waiting on to help inform its interest rate decision next week — showed the economy gained 51,000 positions, well ahead of analyst estimates of 25,000.

Total nonfarm payrolls published by the US Bureau of Labor Statistics today (6 December) came in above market expectations, with economists polled by Reuters expecting that figure to stand at 200,000. The employment data for November marked a significant increase from the upwardly-revised figure of 36,000 for October. US economy expands by 2.8% in Q3 Meanwhile, the unemployment rate increased from 4.1% in October to 4.2% last month, higher than a year ago, when the jobless rate was 3.7%, according to the US Bureau of Labor Statistics. The largest increase in nonfarm payroll...

A review of the growth-inflation dynamic by the MPC places a bigger downside risk on the former, which calls for a tactical response where a strategic one is not immediately available. Hence, the lowering of cash reserve ratio (CRR) to pull interbank rates down closer to the policy rate, and higher interest rate ceilings for foreign currency deposits to ease pressure of the dollar's rise and capital outflows on the rupee.

Harris Financial Group managing director Jamie Cox analyzes post-Thanksgiving markets, retail and jobs sectors and the bitcoin rally.

Subscribe to enjoy similar stories. The Reserve Bank of India’s (RBI) monetary policy on 6 December voted 4:2 to keep the policy repo rate unchanged at 6.50%. Two of the external members, Dr.

Narendra Modi on Friday said that the role of the northeastern states in shaping India’s future will be significant. Addressing the Ashtalakshmi Mahotsav in Delhi on Friday, the Prime Minister said that the next few decades would see cities like Guwahati, Agartala, Imphal, and Itanagar rise as symbols of development and strength. «I firmly believe that the future belongs to Eastern India, especially the Northeast,» Modi said, adding that the 21st century was being increasingly regarded as «the century of the East.»

Indian equity market, often a beacon of growth and resilience, has recently experienced a correction of ~11% in the Nifty 50 Index from its all-time highs. Such movements invariably spark two competing sentiments: excitement about potential buying opportunities and apprehension over further declines. For investors, it’s critical to analyze whether this correction signals an attractive entry point or warrants a more cautious stance.

Subscribe to enjoy similar stories. With the Reserve Bank of India keeping its key interest rate unchanged, real estate experts and developers have stressed the need to lower the rate, citing the need to stimulate sluggish sales and ease the growing burden of borrowing costs. “At this point, a rate cut would be more beneficial for consumers," said Shishir Baijal, chairman and managing director of real estate consultant Knight Frank India.

Divided between two takeover courtships, UniCredit's Andrea Orcel still has room to sweeten his bid for Italy's Banco BPM, analysts say, while political turmoil stalls a deal with Germany's Commerzbank. 

«So, maybe there are some quarters of the market which believe that there will be a rate cut and so all the interest rate sensitives, whether industrials, banks, financial services, consumer discretionary, these are also moving up. And we also believe that an repo rate cut is actually essential to boost up both corporate India and the economy,» says Chakri Lokapriya, Managing Partner, RSB LLP. The FIIs definitely are back with a vengeance, although the DIIs have been selling of late. But that aside, what is it that you are making of the market move of late? And does it seem like that aberration that we had in the month of September and October, that is way behind us? Chakri Lokapriya: The market had corrected a good 10% and that also reflects in the slower GDP growth, that means the economy is slowing down. So, there is all expectations aside, I think the need of the hour is not just a liquidity boost of CRR cut, but also a repo rate cut. So, maybe there are some quarters of the market which believe that there will be a rate cut and so all the interest rate sensitives, whether industrials, banks, financial services, consumer discretionary, these are also moving up. And we also believe that an repo rate cut is actually essential to boost up both corporate India and the economy.

Hiring in the United States likely rebounded last month from a dismal October, when hurricanes and strikes reduced job growth to its lowest level in nearly four years

The UN trade and development agency UNCTAD said global exchanges of goods and services are expected to reach a record level of nearly $33 trillion in 2024. «This $1 trillion increase, reflecting 3.3 percent annual growth, highlights resilience in global trade despite persistent challenges,» the UN agency said in a statement.

A federal judge has rejected a deal that would have allowed Boeing to plead guilty to a felony conspiracy charge and pay a fine for misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed, killing 346 people

The number of Americans applying for unemployment benefits rose last week but remains at historically healthy levels

Gold prices in December may rise if the US Dollar goes into tepid mode. Meanwhile, gold rates remained steadied on Thursday, as per a report on Reuters. Spot gold held its ground at $2,649.69 per ounce, as of 1221 (GMT). The US gold futures also eased 0.1 per cent to $2,673.30. Investors held back from placing big bets ahead of the US non-farm payrolls data that could influence the Federal Reserve's interest rate trajectory as markets awaited this year's final policy-setting meeting. Traders are pricing in a 74 per cent chance of a 25-basis-point cut at the Fed's December 17-18 meeting, according to the CME Group's FedWatch Tool. Bullion, which does not pay any interest, historically performs well in a low-interest rate environment.

Former Bank of Canada governor Stephen Poloz says Canada is in a recession, arguing the economy’s weakness has been masked by strong population growth.

The OPEC+ alliance of oil exporting countries is deciding on whether to produce more crude as members face sluggish demand and competing production from non-allied countries, factors that could keep oil prices stagnant into next year

Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or political outcome

Chinese online retailer Temu has been told to suspend operations in Vietnam after it failed to meet an end-of-November deadline to register with the country's Ministry of Industry and Trade