Stocks Supported by Lower Bond Yields

The market’s focus this week will be on US economic news. Later today, the Dec ISM services index is expected to slip -0.3 to 52.3. Also, the Nov JOLTS job openings are expected to climb by +9,000 to 7.679 million. Finally, on Wednesday, Oct factory orders are expected to decline by -1.1% m/m. On Thursday, Q3 nonfarm productivity is expected to climb by +4.7%, and unit labor costs are expected to rise by +0.3%. Also, initial weekly unemployment claims are expected to increase by 12,000 to 211,000. On Friday ...