Previous Trading Days Events 04 Jan 2024

The ADP report showed that more workers than expected were hired in the private sector in December, pointing to persistent strength in the U.S. labour market. Private payrolls increased by 164K jobs in December, the largest monthly increase since August.

Source httpswww.reuters.commarketsususprivatepayrollsincreasedecemberadp20240104

Winners vs Losers

The USDJPY remains on the top of the weeks gainers list with a 2.93 performance so far due to USD strengthening and JPY weakening.

News Reports Monitor Previous Trading Day 04 Jan 2024

Server Time Timezone EEST UTC 0200

Midnight Night Session Asian

No important news announcements, no special scheduled releases.

MorningDay Session European and N. American Session

Services PMI releases

The PMI figures were reported better than expected but again most were in the contraction area.

Eurozone

The PMI report showed a figure over 50 indicating expansion. The report suggests that the Spanish services sector growth accelerated in December to a fivemonth high. Higher new business volumes, additional staff, and higher confidence levels for the future. Other economies in the Eurozone reported figures below 50.

The Italian service sector activity remained in the contraction territory in December, reporting 49.8 points PMI, extending the sequence of decline in activity to five months.

The French PMI was reported at 45.7 points, marking two successive quarters of…