The first trading week began on Tuesday, as the stock markets were closed due to the celebration of the New Year.

On the first day of trading the market showed moderate growth, supported by the rise in the price of commodities and services sector shares, as well as data for December, which showed a noticeable improvement in production conditions in the US, which is confirmed by increased production and new orders with increased demand from customers. The seasonally adjusted final index of purchasing managers in the US industry from IHS Markit (PMI) rose to 55.1 in December, compared with 53.9 in November. The last value of the index was the highest since March 2015, indicating a better health sector.

On Wednesday, the market again completed trading in the "green zone" as a result of support from the conglomerate and basic resources sectors. As the report published by the Institute for Supply Management showed, in December, the activity in the US manufacturing sector grew, contrary to the forecasts of economists, who assumed deterioration. The PMI index for the manufacturing sector was 59.7 points against 58.2 points in November. Analysts expected the figure to drop to 58.1. According to the report, in December the number of employed increased by 250 thousand people compared to the figure for November at 190 thousand. Analysts expected that the number of employed will increase by 190 thousand. At the same time, the number of Americans applying for unemployment benefits increased the third week in a row last week, but this probably does not imply significant change in labor market conditions, as data for several states, including California, has been estimated. Initial applications for unemployment benefits in the US increased by 3000 to 250 thousand people for the week ending December 30, the Ministry of Labor said. Economists predicted that in the last week, orders will fall to 240 thousand.

The week ended with even more active growth, after labor market statistics showed a slowdown in the growth in the number of jobs in the country and an acceleration in the growth of monthly wages. According to the data, the number of jobs in the non-agricultural sector increased by 148,000 people. Employment in the retail sector fell by 20,300 in December, which is the biggest fall since March, despite a strong holiday shopping season. At the same time, average hourly earnings rose 9 cents, or 0.3%, in December after rising 0.1% in November. This increased the annual salary increase to 2.5% from 2.4% in November. Major stock indexes again updated the record highs.

 

 

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