US Job Openings Dip and Service Growth Slows While Yields Drop on ECB Commentary
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Job Openings in the US fell in October, suggesting the labor market is normalizing further. This is seen as evidence for a potential Fed pivot.
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US services ISM rose more than expected in November on higher business activity and new orders. However, employment growth undershot expectations.
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ECB's Schnabel interview triggered a significant decline in yields yesterday across Europe and the US.
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Australian Q3 GDP growth slowed to 0.2% from 0.4% in Q2, below expectations, mainly on falling exports and flat household consumption.
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Spain proposed a EU budget framework to cut deficits while allowing room for green and defense investments, including expenditure caps.