Company / Analytics

Analytics, 04 December 2022

Week 48 in Brief

North America

Stocks in the US dipped on Friday, cutting off some of the gains made earlier in the week but all the major indices ended in weekly gains. Labour data released on Friday morning came in better than expected, raising Wall Street worries about the Fed’s reaction to the results.

Payrolls rose by 263,000 in November, a bigger gain than the 200,000 increase expected by economists. Average hourly earnings also came in above expectations, jumping 0.6% compared with the prior month and 5.1% against the same month a year ago. The unemployment rate held steady at 3.7%. However, remarks on Wednesday from Fed Chair Jerome Powell appeared to confirm slowing rate hikes starting as early as December.

How did the major indices perform? On Friday:

For the week:

What drove the U.S. market?

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

Next week, Purchasing Managers’ Index (PMI) surveys from S&P Global and the Institute for Supply Management (ISM) will provide insights into U.S. manufacturing and service sector performance.

On Friday, the Bureau of Labor Statistics (BLS) will release its Producer Price Index (PPI) reading for November, tracking inflation from the standpoint of goods-producing businesses and wholesalers. Also on Friday, the University of Michigan will release the preliminary December reading of its Consumer Sentiment Index (MCSI), providing a timely update on consumer confidence.

Companies reporting earnings next week will include Costco, Broadcom, Oracle, AutoZone, Gamestop, and Lululemon Athletica, among others.

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