Good morning. Friday’s jobs report was middling-to-solid: 227,500 jobs were added in November, and the October number was revised up to 36,000 from 12,000. The unemployment rate ticked up a little, to 4.2 per cent from 4.1. The market took this all as a sign that the Fed will, indeed, cut the policy rate by 25 basis points later this month. The jury is still out for 2025.
Small companies have had a great run since Trump’s election, and there are good reasons why: greater domestic focus could give them an edge if trade barriers go up, and corporate tax cuts will have a higher proportionate impact on their earnings.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: