The weekly jobless claims in the United States are the main meeting of Thursday’s session. No publication is expected on the corporate front.
Weekly jobless claims in the United States headline | Photo credits: Forum Cabinet ADP Employment at Atlanta Airport, March 27, 2018 / Sipa
Macroeconomic indicators gain importance over the week and the market will focus on weekly jobless claims in the United States. This will be the penultimate score for the year 2021.
New claims are expected to have increased by 2,000, to reach 207,000, on the week to December 24. The statistics could however be distorted by the inability of some Americans to check in following the cancellation of many flights last weekend in the United States due to understaffing, a consequence of the sharp increase in cases. infection with Omicron. The statistics will be released at 2:30 p.m.
It will be followed at 3:45 p.m. by the MNI purchasing managers index for the Chicago region for the month of December, expected to improve slightly to 62 points after 61.8 in November. In the morning, the market will have taken note of the PMI Markit index of the non-manufacturing sector in Russia for the month of December. The agenda remains hopelessly empty when it comes to business.
Latest appointments at the Fed
Note also that Joe Biden has only two days to make the appointments for the positions not yet filled within the board of governors of the Fed. And in particular that of vice-president in charge of supervision, replacing Randal Quarles, whose resignation will be effective at the end of December.
In a note dated Wednesday, Nomura reports, on the strength of an article from Wall Street Journal, that Sarah Bloom Raskin would have Joe Biden’s preference for the position. Former Fed governor and former head of the Treasury Department, Sarah Bloom Raskin has a more moderate profile than Richard Cordray, and a better regulatory experience than Raphael Bostic, also approached for the post, note analysts at Nomura. They add that it also has the advantage of being more likely to achieve consensus among Senate Democrats. The other two vacancies on the board of governors would go to Lisa Cook, who has a reputation for prioritizing the labor market over inflation, and Philip Jefferson, currently a professor at Davidson College and former economist on the board. governors.