Wolf Money(world market review 3-9 Jan 2022) Anniversary post
Wee Beng Chong Singapore 1938 Conflict circa 1978 Gift of the Artist Collection of National Gallery Singapore Market Summary 03-09 Jan 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 + US added 199,000 nonfarm jobs in Dec, jobless rate dropped to 3.9%, however job growth misses’ expectations + US private sector job growth surges in Dec, added 807,000 jobs to their payroll: ADP - US trade deficit jumped 19.4% to US$80.2bn in Nov on record high goods imports + US factory orders increase 1.6% in Nov, orders increased 12.9% YoY - US inflation rate is probably going to spike again: Eco Week - S&P 500 posts worst start to a year since 2016: Markets Wrap - US record 4.5m ppl quit their jobs in Nov 21 - US set new global daily record of over 1 million Covid infections + US to offer US$1bn to aiding independent meat and poultry producers, to combat food prices hikes - Fauci warns of danger of hospitalisation surge in US due to large number of Covi-19 cases + Wall Street banks set to report record p