Macro Mondays | REPLAY | 🚨 U.S. Property Market & Chinese Yields Flash Warning Signal 🚨 | 02|12|24

World of Oil Derivatives

This episode of Macro Mondays aired live at 12:30pm UK Time as James Brodie and James Todd look at the previous weeks Macro events and to the week ahead.
This week, the S&P 500 hit a new all-time high and is trending higher overall. US consumer confidence and US Black Friday online sales hit a highs as well, and stock market optimism has soared. On the other hand, US new home sales fell 17.3% while US homes for sale continued to trend high. US debt looms and the yield suggests a dollar top is near.
We saw mixed Chinese data over the weekend, with record monthly outflows from major Chinese ETFs and bond yield the lowest in decades. Germany October retail sales fell, and the Eurozone November CPI inflation rose 2.3% Y/Y. Brent volatility and gold both fell.
Key events for the week include:
Monday: ISM manufacturing PMI
Tuesday: JOLTS job opening data
Wednesday: ADP employment data, ISM services, FED's Powell speaks
Thursday: Initial jobless claims data
Friday: November jobs report, consumer confidence