Global markets delivered mixed results in November. US stocks and real estate estate investment trusts led last month’s winners, rebounding with solid gains following October’s decline, based on a set of ETFs. Commodities and shares in emerging markets suffered the biggest losses in November.
Daily Archives: December 2, 2024
Macro Briefing: 2 December 2024
US jobless claims fell for a third straight week, slipping to a 7-month low. The recent decline and relatively low level of new filings for unemployment benefits suggest that the labor market will remain resilient in the near term. “The underlying trend in first-time claims implies that firms continue to carefully manage their workforce amid an economy at full employment,” writes Joseph Brusuelas, chief economist at RSM US.
