The election victory has fueled a strong rally in US equities, but Donald Trump’s comeback is seen as a new risk factor elsewhere as Washington prepares to pivot to new edition of an “America First” policy.
Daily Archives: November 15, 2024
Macro Briefing: 15 November 2024
US jobless claims fell to a six-month low last week. “While many employment-related indicators point to a significant softening in labor market conditions this year, that change has not carried over to the unemployment insurance data thus far,” says Lou Crandall, chief economist at Wrightson ICAP. An economist at RSM, Tuan Nguyen, writes: “The continued drop in new filings for unemployment benefits, a proxy for layoffs, should suggest a strong rebound in payroll gains this month, which would reaffirm that the disappointing October jobs report was a one-time shock.”
