Created in november. The Unemployment Rate fell to 4. 6 . But thats because more americans left the work force. And wages, which had been rising, fell. So despite the labor market being described as solid, some questions still remain. But as Hampton Pearson reports, that may not deter the Federal Reserve. Reporter the november jobs report, which included the lowest Unemployment Rate in nine years, may be the last hurdle to fall as the Federal Reserve considers raising Interest Rates for the first time in a year. Leading economists say when monetary policymakers meet in two weeks, markets will be focused on what the fed says about the path of future rate hikes. Our expectation is three hikes next year. Currently theyre signalling two. I wouldnt really expect them to necessarily change that. You know, in two weeks. But i do think that ultimately were at full employment, i think. And were still adding 170, 180,000 jobs a month. The drop in the Unemployment Rate to 4. 6 had cross currents.
Julie you see all three major tool, the quote, and play to influence oil prices. Using it for 35 averages are little changed after falling as much as half a percent. Years. So that is one strike against them. They will say that they are if you look at the s p 500, it unified in the believe that the is just shy of 2100. That has been a tough level for market is ok taking care of itself with oil prices racing. The s p. Oil prices rising. 2100 is sort of the upward bound have been bickering about of what we have seen from the who will be the index. Secretarygeneral for the past it has had trouble staying above that level for any extended four years. The current secretarygeneral, his term is mandated expired period of time. Many, many years ago and he wants to retire. They finally chose a new secretarygeneral. Health care shares are on the rise. So some say at least they can you is still energy in the decide something. Losing spot here. So they can kick the can down the road in reinstating
That is the longest losing and gas. Oil down by 8 10 of 1 after opec did not to reinstate production quotas. Unchanged, he tweaked some of the forecast. Hasbalance of risks improved. Lets get to some of the big stock movers today. Sharestrian steelmaker, rising as much as 7. 8 , the most since february. It announced plans to invest. Annual earnings approximately in line with the previous year. Shares have rebounded at 39 . Steel prices recovering. Money supermarket. Com shares have been hammered today, down by 6 . It is the u. K. Price comparison website. That is after jefferies caught the stocks. Recent data, some meaningful in the u. K. Competitive landscape, but the company is no longer leading the pack. , showingn old favorite how the euro has fared since mario draghi first implanted or announced qe last year. Qe began in march last year. 108. Uro fell to the euro was at 106. At euro was at 110 and today 111. Below wheree we were last year. It is targeting the credit and lending. M
And the problem with loose Monetary Policy. We will break down the ecb decision on rates, and the entire mario druggie News Conference draghi News Conference. We count down to the ecb decision. The opec meeting in vienna. Wall street awaits the latest jobs data. Kick it off, less than 45 minutes away from their decision. Lets check in with the team leader, i am told the News Coverage will be watched closely to get the forecast. Interesting,ing is whether there today, no fresh stimulus probably, likely to show the inflation has not changed since the last projections in march and that is something of a disappointment because the last forecast did not include the ramp up of monetary stimulus, extra bond buying, negative loans and another cut in Interest Rates. A signal the ecb is starting to struggle. It will always say it can do more but it wants governments to play their part in helping the euro recovery. Investors will look for more detail. Nots past june, 2016, i do have a date and si
Later, johnnt and kerry tells us by china must address its Cyber Security issues. Anathan it is referendum right here in the u k. Law prevents them from reporting on the voting or discussing or analyzing the referendum while we will follow the action beginning at 5 00 eastern time. A quick look at the markets. It futures in the United States are positive. Dow futures are up. The s p is up wonderful percentage point. The european rally continues. Up for the board, it is one of 49 very briefly today. Is 114. Dollar treasury yields are a little but higher. Now lets go around the world and check in with our team for indepth coverage. Francine is in london. Susan is join us in it new york. London. Moore is in jonathan lets pick it up with the data out of europe. We have some disappointing news in france. Lets bring in francine. Sub 50 is not pretty. We sell a 48 in there. 50ncine anything below indicates contraction. The matter what indicator you look at whether its employment or gdp, they