Private nonfarm payrolls in the US are projected to increase 227,000 (seasonally adjusted) in tomorrow’s November update of the ADP Employment Report, based on The Capital Spectator’s median point forecast for several econometric estimates. The median projection is marginally below October’s increase.
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The expected risk premium for the Global Market Index (GMI) continued to fall in November. GMI, an unmanaged, market-value weighted mix of the major asset classes, is currently expected to earn an annualized 3.9% over the “risk-free” rate for the long term (for details on the methodology, see summary below). Today’s forecast is slightly below last month’s 4.0% estimate and moderately under the recent peak of 4.7% in August
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● Factories Humming in U.S. Even Amid Global Slowing | Bloomberg
● Euro zone producer prices fall at sharpest rate in a year | Reuters
● UK construction PMI falls to 13-month low in November | Investing.com
● Spain Jobless Claims Log Biggest Decline For November | RTT
● RBI leaves rates on hold, says could ease early 2015 | Reuters
● Australia holds rates as speculation mounts for cuts | CNBC
● MNI Japan Survey: Q3 Revised GDP -0.5% Annual Vs -1.6% | MNI