In this comprehensive analysis, Sergey Tereshkin examines the pivotal economic events slated for Thursday, December 5, 2024. The article delves into significant macroeconomic indicators, including Switzerland's unemployment rate, Germany's manufacturing orders, and the Eurozone's retail sales figures. A focal point is the OPEC+ meeting and its potential ramifications on global oil prices and the Russian economy. Additionally, the piece evaluates the U.S. trade ...

... included: Direct payment programs to citizens to support purchasing power and stabilize domestic demand. Government loans and subsidies for small and medium-sized businesses aimed at minimizing the effects of temporary closures and restrictions. Increased unemployment benefits, which helped citizens cope with financial difficulties, but increased the budget deficit. These measures were necessary to prevent an economic crisis and provide stability during a period of global uncertainty, but they significantly ...

... orders for durable goods dropped by 9.3% in June following a spike in May (driven by large aircraft contracts), orders excluding transportation rose by 0.2% month-over-month, indicating solid business investments. Additionally, the number of initial unemployment claims fell to a three-month low, reflecting a healthy labor market. Investors are positively assessing progress in external trade and easing inflationary pressures. The conclusion of a trade deal with Japan and the anticipated US–EU agreement ...

... levels. Investors reacted to the July Non-Farm Payrolls report, which indicated a significant cooling in the labor market: non-farm payrolls increased by only ~73 thousand (versus ~105 thousand expected), marking the lowest growth in recent years. The unemployment rate rose to 4.2% (up from 4.0% the previous month), signaling a gradual weakening in labor demand. The slowdown in hiring, along with previously published data on a modest GDP growth of ~1.5% in Q2, points to a loss of momentum in US economic ...

... dollar, after a decrease in mid-July, somewhat regained its positions. The Dollar Index (DXY) remained close to the 100-point mark: robust statistical data and rising bond yields supported the dollar. Positive surprises in the US economy (including a low unemployment rate) solidified expectations that the Fed will not rush to cut rates, which is preventing a decline in the dollar. In the EUR/USD pair, trading hovered around $1.18–1.19 per euro: the single European currency could not significantly break ...