CNBC Daily Open: Sweet gains for markets amid sour job signals

Core Viewpoint - Markets are experiencing gains following weak private jobs data, which has led to increased expectations for a rate cut by the U.S. Federal Reserve in its upcoming meeting [2]. Group 1: Market Performance - After initial weakness, markets have shown resilience, achieving gains for two consecutive days [1]. - The rally on Wednesday was driven by disappointing job data, with ADP reporting a loss of 32,000 jobs in November, significantly below the expected gain of 40,000 [2]. Group 2: Economic Implications - The weak job data has reinforced investor belief that the Federal Reserve will lower interest rates in its final meeting of the year on December 9-10 [2]. - While the current market rally may provide short-term benefits, ongoing job losses could indicate deeper economic issues, raising concerns about the sustainability of this rally [3].