Compiled by: GaryMa Wu on Blockchain

Summary
Wu's Macro Indicators and Analysis for This Week: This week focuses on U.S. non-farm payrolls and the Federal Reserve's meeting minutes, further understanding officials' attitudes towards a 25 basis point rate cut. Currently, market analysts believe that even if non-farm payrolls continue to slow down, it may not change the Federal Reserve officials' stance, as the Fed previously hinted at slowing the pace of rate cuts.

Review of Last Week

  • China's December official manufacturing PMI is 50.1%, a decrease of 0.2 percentage points from last month, with the manufacturing sector continuing to expand.

  • China's December Caixin manufacturing PMI is 50.5, remaining above the critical value for three consecutive months.

  • In the week ending December 28, the number of initial unemployment claims in the U.S. was 211,000, expected to be 222,000, and the previous value was revised from 219,000 to 220,000.

  • The U.S. December ISM manufacturing PMI is 49.3, expected to be 48.2, and the previous value was 48.4.



Key Events & Indicators This Week
January 6

  • China's December Caixin services PMI (09:45)

  • U.S. Congress certifies Trump's victory in the 2024 election


January 8

  • U.S. December ADP employment change (ten thousand) (21:15)


January 9

  • Federal Reserve releases December monetary policy meeting minutes (03:00)

  • China's December CPI year-on-year (09:30)

  • U.S. initial unemployment claims for the week ending January 4 (ten thousand) (21:30)


January 10

  • U.S. December seasonally adjusted non-farm payroll employment (ten thousand) (21:30)

  • U.S. December unemployment rate (21:30)