Futures
Stock Futures Struggle as Tech Takes a Breather with Nvidia Under Investigation
2024-12-09
Tech markets have been experiencing a bit of a breather today, with futures on the Dow Jones Industrial Average and S&P 500 Index struggling for direction. The Nasdaq-100 Index futures are pointed lower, as the tech sector takes a break from its recent upward surge. Later in the day, traders will be closely watching the release of wholesale inventories data for October. Additionally, chip giant Nvidia is now under Chinese investigation.

Unraveling the Tech Market's Pause with Nvidia's Influence

Tech Sector's Breathing Room

Futures on the Dow Jones Industrial Average and S&P 500 Index are currently in a state of indecision. The Nasdaq-100 Index futures have taken a downward turn, indicating a temporary slowdown in the tech sector. This comes after last week's record highs. Traders are eagerly awaiting the release of wholesale inventories data for October, which could provide some clarity on the market's direction.The chip industry, led by Nvidia, is also facing challenges. Nvidia's stock is down 2.3% before the bell due to a possible antimonopoly law violation investigation in China. Despite this setback, Nvidia still maintains a significant year-over-year lead of 205.7%.

Stock Movements and Analyst Upgrades

The Cboe Options Exchange saw a significant increase in call and put contracts last Friday. The single-session equity put/call ratio rose to 0.54, while the 21-day moving average remained at 0.62. Morgan Stanley upgraded Reddit Inc stock to "overweight" from "equal weight" this morning and raised its price target to $200 from $70. The analyst noted the social network's strong ad revenue growth. As a result, RDDT is 4.5% higher in premarket trading and has added over 146% in 2024.Macy's Inc stock is also showing signs of movement. It is up 3.1% ahead of the open following requests from Barington Capital. The activist investor group has asked the retailer to create a real estate unit, modify its capital allocation plan, and reassess options for its Bloomingdale's and Bluemercury operations. However, M is still down 18.3% this year.

Asian and European Market Trends

Asian markets finished mixed yesterday. In Hong Kong, the Hang Seng managed to surge in the last hour of trading after China committed to a more proactive monetary policy in 2025. The index jumped 2.8% in response to this news. However, consumer price index data in China showed a 0.2% year-over-year increase, which was lower than the expected 0.5%.In South Korea, President Yoon Suk Yeol avoided impeachment after his controversial implementation of martial law. For the session, China's Shanghai Composite slid 0.05%, South Korea's Kospi fell 2.8%, and Japan's Nikkei inched 0.2% higher.European markets are also showing mixed trends due to geopolitical tensions. At last check, London's FTSE 100 and France's CAC 40 are up 0.5%, while Germany's DAX slides 0.1%.
Dollar wavers as CPI eyed; Aussie, kiwi rise on China's policy
2024-12-09
In the complex world of global finance, the euro and the dollar find themselves in a state of skittish trading on Monday. Investors are on tenterhooks, awaiting crucial U.S. inflation data later this week. Meanwhile, the Australian and New Zealand dollars have seen a rally following China's pledge of an “appropriately loose” monetary policy next year.

Anticipating U.S. Inflation and Fed Rate Cuts

Markets have already priced in a quarter-point rate cut by the U.S. Federal Reserve next week as a near certainty. However, the real focus lies in the U.S. consumer price data due on Wednesday. Michael Brown, senior research strategist at Pepperstone, points out that the rise in unemployment seen in November further cements the case for a 25-basis point cut. “Unless we get a really hot inflation number, but that’s certainly not the base case,” he adds. The Fed is currently more focused on the labour market rather than developments with regards to inflation.Data from Friday showed that U.S. job growth surged in November, but the increase in the unemployment rate to 4.2% indicates an easing labour market. This should allow the Fed to cut interest rates again this month.The euro was flat against the dollar at $1.0566, having fallen earlier by as much as 0.3%. Meanwhile, the greenback gained 0.34% against the yen to 150.515. The dollar index remained flat at 105.96.Michael Brown expects the upcoming U.S. inflation data, the European Central Bank policy meeting on Thursday, and the Fed rate decision next week to lead to subdued trading in currencies for the time being due to the significant event risk on the horizon.Mizuho Bank strategist Vishnu Varathan also highlights a host of geopolitical developments, such as the weekend fall of Syrian President Bashar al-Assad, along with macro- and Trump-related trades. These factors provide markets with further impetus to remain long dollars. “There’s no incentive to short the dollar against any particular currency,” he says.

The Impact of China's Monetary Policy Shift

The Australian dollar gained 0.84% against the greenback, and the kiwi rose 0.5% after China announced a shift in monetary policy to stimulate growth. China will adopt an “appropriately loose” monetary policy next year as part of measures to support economic growth. It will also implement a more proactive fiscal policy and step up “unconventional” counter-cyclical adjustments, as reported by state media on Monday citing a Politburo meeting.The central bank has outlined five policy stances – “loose”, “appropriately loose”, “prudent”, “appropriately tight” and “tight” – with flexibility on either side of each. After the 2008 global financial crisis, China adopted an “appropriately loose” monetary policy before switching to “prudent” in late 2010.The dollar rose 0.53% versus South Korea’s won. Over the weekend, South Korean President Yoon Suk Yeol survived an impeachment vote in parliament prompted by his short-lived attempt to impose martial law last week.Last week's headline, bitcoin, which hit six-figures for the first time at a record $103,649, was last at $98,282.

Central Bank Meetings and Their Implications

This week, the main events investors are closely watching are the European Central Bank policy meeting on Thursday, where a quarter-point cut is expected. Additionally, China's closed-door Central Economic Work Conference is taking place.The Bank of Canada (BoC), the Swiss National Bank (SNB), and the Reserve Bank of Australia (RBA) are also meeting this week. Deep rate cuts are anticipated from the first two, which could further widen yield differentials against their currencies.The Canadian dollar traded near a 4-1/2-year low on Monday as markets anticipate another outsized interest-rate cut. The loonie pared some earlier losses, and the dollar was last down 0.21% against the currency.The RBA is the only central bank among its peers that has not yet begun cutting rates and is not expected to do so in December. However, it might soften its tone on growth targets.This week will be an interesting one for the Swiss franc given the intense debate about how deep the SNB's fourth rate cut of the cycle will be. Markets give a higher probability for a larger 50-basis point cut and are even anticipating negative interest rates by next year.
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Курьеры в лидеры зарплат: 2025 - рост или выравнивание?
2024-12-09
Финансисты, авиаперевозчики и курьеры сегодня занимают первые места в рамках зарплатной структуры на территории нашей страны. Эти профессии стали яркими примерами роста доходов и представляют интересное исследование для экономистов и специалистов.

Топ профессии по зарплатам

Финансисты

Согласно данным Единой межведомственной информационно-статистической системы (ЕМИСС), финансисты оказались в числе лидеров зарплатной лидиры. В этом осеннем, средняя зарплата у сотрудников финансовых компаний достигла более 209 тысяч рублей. Это значительное значение, которое отражает важность и значимость этой профессии в экономике. Финансисты играют ключевую роль в управлении финансами компаний и организаций, что приводит к высоким зарплатам. Они обладают уникальными навыками и знаниями, которые востребованы на рынке труда. Например, они могут проводить анализ финансовых данных, разработать стратегии инвестирования и управлять бюджетом. Все эти факторы способствуют увеличению их зарплат и статуса в профессии.

Авиаперевозчики

Авиаперевозчики также заняли высокие места в списке зарплатных лидеров. Средняя зарплата у сотрудников, связанных с пассажирскими авиаперевозками, составила около 200 тысяч рублей. Это отражает важность авиаперевозок в современном мире и высокий спрос на услуги в этой отрасли. Aviаперевозчики обеспечивают связь между различными регионами и странами, что требует высокого уровня квалификации и опыта. Работники в этой отрасли должны иметь знания о безопасности, обслуживании пассажиров и техническом обслуживании самолётов. Все эти факторы также влияют на уровень их зарплат и становятся важными факторами для выбора этой профессии.

Курьеры

Курьеры также демонстрируют значительный рост в зарплатах. Средняя зарплата у курьеров составила 115 тысяч рублей в месяц. Это отражает растущую потребность в услугах доставки и быстроразвивающийся сектор логистики. Курьеры играют важную роль в обеспечении доставки товаров и документов, что становится все более важным в современном мире электронной коммерции. Они должны быть быстрыми, внимательными и способными работать в разных условиях. Все эти факторы также влияют на уровень их зарплат и становятся важными факторами для выбора этой профессии.

Развитие зарплат в разных сферах

По данным, рост средней номинальной заработной платы в стране составил около 16%, но в разных сферах экономики он был неравномерный. Самый большой рост наблюдался в сфере услуг, неквалифицированного персонала в обработвающей промышленности, транспорте, логистике и строительстве. Здесь был самый большой кадровый дефицит, что привело к увеличению зарплат. Небольшой рост демонстрировали бюджетный сектор, образование, туризм. Однако, как отмечает ведущий научный сотрудник Института научной информации по общественным наукам (ИНИОН) РАН Сергей Смирнов, ситуация с трудовыми ресурсами в ближайшие 10-15 лет в стране не изменится. А потому, резкого роста зарплат ждать не стоит. Будет, скорее, некое выравнивание за счет именно "нематериальных" отраслей, таких, как образование, культура и здоровье. Большого увеличения зарплат в этих сферах не будет, но их рост в любом случае должен перекрывать рост инфляции.
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