Data supports interest rate cuts
Stock market likely to recover today
December 16, US November seasonally adjusted non-farm payrolls
64,000, expected 50,000; US November unemployment rate
4.6%, expected 4.4%.
US October retail sales month-on-month 0%, expected 0.1%, previous value revised from 0.2% to 0.1%.
After the US employment data was released, US federal funds futures slightly increased the probability of a January rate cut next year, rising from 22% to 31%.
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