The main indices of Wall street has closed the week higher despite the bad job data that has been published. USA It has created 245,000 jobs in November, compared to the 440,000 anticipated by the expert consensus. The country’s unemployment rate falls to 6.7% from the previous 6.9% and compared to the estimated 6.8%.
The outbreaks and the recovery of some restrictions are the main explanations for this data, which can become even more worrying.
“There are storm clouds on the horizon ready to take action if Congress does not act and renews its aid to the unemployed, which ends at the end of this year,” he warns Chris rupkey, MUFG Chief Economist.
Also at the macroeconomic level, the trade data for the month of October. Both exports and imports advanced modestly in the 10th month of the year, so trade “remains stagnant below pre-crisis levels”, experts from Oxford Economics note. Strong demand for goods has supported modest progress in trade in goods, which has risen to just under 2% of its pre-pandemic level. Meanwhile, trade in services remains 23% below its peak amid travel restrictions and lingering fears of the virus.
Total exports rose 2.2% in October, but are still 13% below pre-crisis levels, while imports grew 2.1%, still 3% below pre-crisis levels. pandemic. This has caused the trade deficit has been expanded by $ 1 billion, to reach $ 63.1 billion.
“With the global recovery in jeopardy from new closures and rising infections, US trade flows are likely to remain slim in the coming months,” say experts at Oxford Economics.
The country is still very aware of the negotiations between Democrats and Republicans on the new aid plan. The Speaker of the House of Representatives of the United States, Nancy Pelosi, said this Friday that there was momentum in the talks on a bill of fiscal aid for the coronavirus.
“There is momentum. There is momentum,” Democrat Pelosi told reporters at a press conference. “The tone of our conversation is indicative of a determination to get the job done.“.
In business matters, Pfizer is news after acknowledging that will only distribute half of planned vaccines initially between now and the end of the year due to problems in its supply chain. On the other hand, Modern now ensure that your candidate has the “potential” to create the long-awaited herd immunity in the long run.
Across the Atlantic, the Ibex it is above 8,200 points at the close of a quiet week and consolidation. Finally, in Asia, stocks have closed in green despite falls in SMIC, which took place after the US included it on its ‘black list’.