Here to react is Moody's Analytics chief economist Mark Zandy. Mark, happy holidays. Thanks for being with us.>> Thanks, Carl. Happy holidays. >> Um, any reason to think that claims are going to see move into dangerous territory anytime soon.>> Doesn't feel that way. I mean, that's really good news. I mean, layoffs remain very low.I mean, I, you know, one week uh affected by holidays and timing and seasonal adjustment and all kinds of measurement issues, but feels like underlying UI claims weekly is about 2 ...

Market Performance - The US stock market showed a broad increase, with all three major indices rising for four consecutive days, and the S&P 500 index reaching a new closing high [1] - The Dow Jones Industrial Average rose by 0.16% to 48,442.41 points, the Nasdaq Composite increased by 0.57% to 23,561.84 points, and the S&P 500 gained 0.46% to 6,909.79 points [2] - Major technology stocks performed well, with Nvidia's stock price surging over 3%, adding approximately $134.1 billion (about 94.25 billion RMB) to its market capitalization [1][2] Commodity Market - The commodity market also experienced strong performance, with LME copper futures prices surpassing $12,000 per ton for the first time in history, leading to gains in copper-related stocks [3] - Precious metals saw significant increases, with spot gold prices rising by 1.02% to $4,489.18 per ounce, nearing the $4,500 mark, while COMEX gold and silver futures rose by 1.02% and 4.44%, respectively [3] - In the energy sector, WTI crude oil futures settled at $58.38 per barrel, up 0.64%, and Brent crude oil futures increased by 0.50% to $62.38 per barrel [3] Individual Stocks - Novo Nordisk's stock surged over 7% following FDA approval of its first oral GLP-1 weight loss drug, expected to launch in early 2026 at a starting cash price of $149 per month [4] - Chinese concept stocks mostly declined, with the Nasdaq China Golden Dragon Index falling by 0.58%, while some stocks like BrainCo and Suzhou Dazhong Bio performed well, with gains exceeding 14% and 12%, respectively [4] - The cryptocurrency market faced a sharp decline, with Bitcoin dropping below $87,000, leading to significant liquidations across various cryptocurrencies [4] Economic Indicators - The US Department of Commerce reported a preliminary estimate showing a 4.3% annualized growth in GDP for Q3, up from 3.8% in Q2 [5] - Market attention is focused on the Federal Reserve, with President Trump expressing a desire for the new Fed chair to lower interest rates when the market performs well, and indicating potential candidates for the position [5] - According to CME FedWatch, there is an 86.7% probability that the Fed will maintain interest rates in January, with a 40.7% chance of a 25 basis point cut by March [5]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core View of the Report - The price of copper is rising due to the continuous decline of the US dollar [1] Group 3: Summary According to Relevant Catalogs 1. Fundamental Tracking - **Price and Change**: The closing price of the Shanghai Copper main contract was 93,930, with a daily decline of 0.41%, and the night - session closing price was 94,890, with a night - session increase of 1.02%. The LME Copper 3M electronic disk closed at 12,055, with an increase of 1.21% [1] - **Trading Volume and Open Interest**: The trading volume of the Shanghai Copper index was 260,740, a decrease of 144,031 from the previous day, and the open interest was 635,670, a decrease of 9,850. The trading volume of the LME Copper 3M electronic disk was 26,306, an increase of 10,441, and the open interest was 342,000, a decrease of 2,837 [1] - **Inventory and Cancellation Rate**: The Shanghai Copper inventory was 49,543, an increase of 1,001. The LME Copper inventory was 158,575, an increase of 825, and the cancellation rate was 30.82%, a decrease of 1.98% [1] - **Price Spreads**: Various price spreads such as LME copper premium/discount, bonded warehouse warrant premium, etc., showed different changes compared with the previous day [1] 2. Macro and Industry News - **Macro**: In 2026, efforts will be made to stabilize the real estate market, control increments, reduce inventories, and optimize supplies according to local conditions. The US Q3 GDP increased by 4.3% year - on - year, the core PCE increased by 2.9%, the October durable goods orders decreased by 2.2% month - on - month, and the consumer confidence in December declined for five consecutive months. The labor market is recovering [1] - **Industry**: Glencore expanded its business in Peru by acquiring the Quechua copper project. The Peruvian Congress extended the temporary licenses of small - scale miners to the end of 2026. Kazakhstan's refined copper output from January to November 2025 increased by 2.5% year - on - year, reaching 431,998 tons [3] 3. Trend Intensity - The trend intensity of copper is 1, indicating a relatively neutral view on the copper market trend [3]

Economic Growth Forecast - Croatia's economy is expected to grow by approximately 3.0% in 2025 and slightly slow to 2.8% in 2026, aligning closely with the government's official forecast of 2.7% [1] - The growth is primarily driven by public spending and investment, with investment growth projected to reach 4.8% in 2026 [1] Inflation and Wage Growth - Inflation is forecasted to be 3.7% in 2025 and remain at a high level of 3.1% in 2026, correlating with an expected wage growth of nearly 6% [2] Fiscal Deficit Concerns - The fiscal deficit is anticipated to reach 3% of GDP in 2026, approaching the warning threshold set by the EU's Maastricht Treaty [2] - The report indicates that Croatia is on the "danger edge" of fiscal compliance [2] Export Growth Projections - Due to optimistic economic expectations from Germany, Croatia's main trading partner and tourism market, the total exports of goods and services are expected to accelerate by 2.5% in 2026 and grow by 3% in 2027 [2]

The U.S. economy made an unexpectedly strong showing in the third quarter of this year — July through September — with growth clocking in far above forecasts. If the numbers feel out of sync with many Americans’ day-to-day reality, that disconnect is largely a matter of timing. Here's what to know about the new data. A delayed report points to earlier strength, and shows inflation building alongside growth The record-long government shutdown this fall delayed the Commerce Department’s release schedule ...

Economic Growth - The GDP report indicates an impressive nominal GDP growth of 8%, with consumer spending significantly exceeding expectations, which is unusual [1][5] - Revisions to previous monthly data for July, August, and September were substantial, leading to a reported 2.7% growth in consumer spending [2][3] - The overall GDP growth for the quarter was recorded at 4.3%, despite it being the worst quarter for employment growth since 2019, suggesting exceptional productivity growth [5] Productivity and Inflation - Strong productivity growth is noted as disinflationary, but it also implies a higher neutral interest rate, creating a complex relationship with inflation and interest rates [6] - The market's response to the GDP data has been muted, with equities moving independently and showing significant upward movement previously [8] Investment Trends - Investment in AI is expected to contribute positively to GDP growth, particularly in areas such as data centers, information processing equipment, and software, which collectively added 1 percentage point to GDP growth in the first half of the year [12][14] - However, there has been a normalization in investment levels, and while equipment investment was up 5.4%, structures investment was down 6.3% [13][14] Federal Reserve Policy Outlook - The Federal Reserve is likely to maintain a pause in interest rate changes, with market expectations indicating a low probability of rate cuts in January but a higher chance in March and April [17][18] - The Fed's policy will be influenced by unemployment rates, with a focus on consumer spending trends for the holiday season, which are expected to be decent but not spectacular [21][22]

A shopper carries a Hollister bag at a shopping mall in Dayton, Ohio, US, on Tuesday, Oct. 21, 2025.The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. GDP expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. Economists polled by Dow Jones expect a gain of 3.2%.Consumer spending expanded by 3.5% in the third quarter after risi ...

Core Viewpoint - Malaysia's recent narrowing trade surplus raises market concerns, potentially impacting economic growth in Q4 2025 and dragging down the current account and overall GDP performance [1] Group 1: Trade and Economic Indicators - CIMB economists warn that the trend of a narrowing trade surplus may suppress economic growth in Q4 2025 [1] - In November 2025, Malaysia's capital goods imports surged by 56.8% year-on-year, indicating strong domestic fixed asset investment [1] - Despite external trade pressures, investment activities driven by domestic demand are providing significant economic support [1] Group 2: Sector Performance - The technology sector is in an upward cycle, with electrical and electronic product exports maintaining double-digit growth, which may help offset the downward risks from commodity price fluctuations [1] - CIMB maintains its GDP growth forecast for Malaysia at 4.5% for the entire year of 2025 [1] Group 3: Trade Resilience - Despite the short-term challenges posed by a narrowing trade surplus, CIMB believes that Malaysia's overall trade fundamentals remain resilient [1] - The increasing proportion of high-value-added products in the export structure and active manufacturing investment are seen as key drivers supporting mid-term growth [1]

Core Viewpoint - Malaysia's recent narrowing trade surplus raises market concerns, potentially impacting economic growth in Q4 2025 and dragging down the current account and overall GDP performance [1] Group 1: Economic Indicators - In November 2025, Malaysia's capital goods imports surged by 56.8% year-on-year, indicating strong domestic fixed asset investment [1] - Despite external trade pressures, investment activities driven by domestic demand are providing significant economic support [1] Group 2: Sector Performance - The technology sector is in an upward cycle, with electrical and electronic product exports maintaining double-digit growth, which may help mitigate the downward risks from commodity price fluctuations [1] - CIMB maintains its GDP growth forecast for Malaysia at 4.5% for the entire year of 2025 based on these factors [1] Group 3: Trade Resilience - Although the narrowing trade surplus presents short-term challenges, CIMB believes that Malaysia's overall trade fundamentals remain resilient [1] - The increasing proportion of high-value-added products in the export structure and active manufacturing investment are seen as key drivers for mid-term growth [1]

波黑塞族共和国广电网12月19日报道。根据波黑塞族共和国统计局发布的数据显示，2020年至2024 年间，该实体GDP从111.3亿马克增长至172亿马克，实现连续增长。同期，人均GDP从2020年的9,797马 克（约5,707美元）提升至15,494马克（约8,572美元）。 受新冠疫情影响，2020年波黑塞族共和国的GDP实际增长率为-2.5%，较2019年有所下降；此后数 年一直处于正增长状态，2024年GDP实际增长率为3.1%。（驻波黑使馆经商处） （原标题：波黑塞族共和国GDP实现连续增长） ...