Weekly Market Outlook: U.S. December Jobs Data in Focus and CES 2025 Kicks Off

TradingKeyJan 7, 2025 1:14 AM

TradingKey – This week, key events include the U.S. December nonfarm payroll report, the Fed’s December meeting minutes, and CES 2025, the world’s largest tech expo, running January 7–10 in Las Vegas. Companies like NVIDIA, AMD, and Samsung are set to unveil major innovations.

U.S. December Jobs Report: A Test for the Fed’s Rate-Cut Path

The December nonfarm payroll report, due Friday, January 10, is expected to show 160,000 new jobs, signaling a cooling yet resilient labor market. UBS forecasts steady hiring trends, supporting the Fed’s room for gradual rate cuts. Strong data may keep the Fed cautious, while weak numbers could accelerate market expectations for easing.

Fed Minutes: Clues on Future Policy

The Fed will release its December meeting minutes on Thursday, January 9. Officials have projected just two rate cuts in 2025, with further adjustments tied to inflation. Markets will watch for hints on how the Fed views economic risks, including policy changes under former President Trump.

CES 2025: Tech Giants Take the Stage

CES 2025 will showcase innovations from industry leaders like NVIDIA, AMD, and Samsung. NVIDIA CEO Jensen Huang’s keynote will focus on the future of AI chip demand, a key market driver. Investors are eager for updates on long-term growth in the AI sector.

U.S. Markets Close January 9 to Honor Jimmy Carter

January 9 will be a national day of mourning for former President Jimmy Carter. U.S. stock markets will close, and bond markets will shut early at 2 p.m. ET.

China Data: Inflation and Credit in Focus

China will release December CPI, PPI, and credit data this week. Analysts expect CPI to fall slightly year-over-year (-0.1%), reflecting weak industrial prices but stable service costs.

Key Economic Data

Monday: U.S. ISM Non-Manufacturing PMI

Wednesday: U.S. ADP Employment Change

Friday: U.S. Nonfarm Payrolls

Key Economic Events

Tuesday–Friday: CES 2025 in Las Vegas

Thursday: Fed December meeting minutes

Friday: Speeches by Fed officials

Key Earnings

Friday: Delta Air Lines Q4 2024 report

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