The most important economic news this week and its impact on the markets

This week, important US economic data will be released that will impact financial markets. This news comes in Saudi Arabia time and includes:

• Monday, December 2:

• Manufacturing Purchasing Managers' Index (PMI) for November.

• Tuesday, December 3:

• Job Opportunities (JOLTS) for October.

• Wednesday, December 4:

• ADP Private Sector Employment Change for November.

• Services and manufacturing PMI data.

• Crude oil inventory report.

• Federal Reserve Chairman Jerome Powell speaks.

• Thursday, December 5:

• Unemployment complaint rates.

• Friday, December 6:

• Average hourly wages for November.

• Unemployment rate for November.

• Non-agricultural employment report.

These data have a strong impact on market movements, especially in the forex and stock markets. Careful trading is required with close monitoring of these events.