Tiger Weekly Insights:2024/12/02—2024/12/08
@DerivTiger:
I. Performance and Valuation of Global Equity Indices Data Source: Bloomberg, compiled by Tiger Brokers II. Key Market Themes i. U.S. Economic Data Released Intensively: Is the Fed "All in Control"? Last week, the U.S. released its November manufacturing and services PMI. Unlike the past few months, manufacturing PMI saw a significant improvement over previous readings and exceeded market expectations, though it remained below the neutral 50 threshold. In contrast, services PMI sharply declined, falling below expectations but stayed above the 50 line. In other words, manufacturing is warming up, though not sufficiently, while services are weakening, but not alarmingly so. Additionally, November employment data was released last Friday. Non-farm payroll additions, based on corporate su