Group 1: Employment and Economic Indicators - In November, the U.S. added 227,000 non-farm jobs, exceeding expectations of 200,000, with previous months revised up by 56,000[3] - The unemployment rate rose to 4.24%, slightly above the expected 4.20%[3] - Labor participation rate decreased to 62.5%, below the expected 62.7%[3] Group 2: Inflation and Price Trends - Average hourly earnings increased by 4.0% year-on-year, surpassing the expected 3.9%[3] - The ISM Manufacturing PMI rose to 48.4, above the expected 47.5, indicating improved demand[5] - The ISM Services PMI fell to 52.1, below the expected 55.5, showing a slowdown in service sector expansion[6] Group 3: Market Performance - The 10-year U.S. Treasury yield decreased to 4.15%, reflecting a decline in bond yields[12] - The A-share market's trading volume stabilized at 1.7 trillion, indicating liquidity in the market[1] - The Shanghai Composite Index rose by 2.33% over the past week, reflecting positive market sentiment[10] Group 4: Risk Factors - Global geopolitical tensions are increasing, which may impact market stability[1] - Domestic policy effects are not meeting expectations, raising concerns about economic performance[1]
宏观周报：美国非农就业回暖，国债利率持续下行
Tong Guan Jin Yuan Qi Huo·2024-12-09 06:33