Global Market Trends (5th Jan., 2022)

Economic data, the number of job openings or JOLTS, fell to 10.6 million, just below the record 11.098 million reached during July. Still, the pace of quitting remained red-hot rising 3% to a series-high as 4.5 million as the ‘Great Resignation’ continues. 

The ISM’s manufacturing purchasing managers index for December unexpectedly dipped to 58.7 down from November's 60.0. ""The U.S. manufacturing sector remains in a demand-driven, supply chain-constrained environment, with indications of improvements in labor resources and supplier delivery performance. Shortages of critical lowest-tier materials, high commodity prices and difficulties in transporting products continue to plague reliable consumption" said Timothy Fiore, Chair of the Institute for Supply Management.

Automakers, in stocks, Ford is in focus after the automaker has confirmed that it is increasing the planned capacity of the factory that will build the F-150 Lightning by nearly double to 150,000 trucks annually due to higher than expected demand. The stock notched its best session since June of 2020. 

In other auto news, Toyota toppled General Motors for the first time since 1931 as its vehicles outsold the American automaker. Even, so GM shares rallied ahead of the debut of its electric Chevrolet Silverado later this week.  

In the European market, it appears that the market lost some momentum in reaction to the US rising bond yield, London's FTSE gained 1.63% to 7,505.15 while Germany's DAX closed at 16,152.61 unchanged, France's CAC hinged higher with 0.22% to 7,332.56.

Asian Market, In Asian trading, Hong Kong's Hang Seng shed 1.64 % to 22,907.2, Japanese Nikkei rose by 0.1% to 29,332.16 while China Shanghai dipped by 1.02% to 3,595.18 while 

SOURCE: CNBC
IMAGE SOURCE: PIXABAY