海外周报第122期：美国10月贸易逆差缩窄至2009年中以来最低-20260111

Economic Data Review - In December, the ADP employment number in the U.S. was below expectations, with a growth of 41,000 jobs compared to an expected 50,000[9] - The October trade deficit narrowed to $29.4 billion, the lowest since mid-2009, with a previous deficit of $48.1 billion revised from $52.8 billion[9] - The ISM Services PMI rose significantly to 54.4 in December, exceeding the expected 52.2, while the ISM Manufacturing PMI fell to 47.9, indicating continued contraction[9] Employment Trends - The initial jobless claims rose to 208,000 in the week of January 3, up from 200,000 the previous week[24] - The continuing jobless claims increased to 1.914 million, compared to 1.858 million the prior week[24] - The number of job vacancies increased, with the INDEED job vacancy index averaging 104.8 in December, up from 103.1 in November[28] Consumer and Retail Activity - The Redbook retail sales year-on-year growth rate fell to 7.1% for the week of January 3, down from 7.6% the previous week[16] - The 30-year mortgage rate in the U.S. rose to 6.16% as of January 8, compared to 6.15% the previous week[19] - The MBA market composite index, reflecting mortgage applications, increased to 270.8, a 0.3% rise from the previous week[19] Financial Conditions - The Bloomberg Financial Conditions Index for the U.S. was 0.863 on January 9, up from 0.795 the previous week, indicating a loosening of financial conditions[35] - The offshore dollar liquidity showed improvement for the yen against the dollar, while the euro against the dollar deteriorated[39] - The 10-year U.S.-Eurozone government bond yield spread widened to 126.8 basis points, compared to 121.5 basis points the previous week[42]