Intermoney | As a prelude to today’s Federal Reserve meeting, on Tuesday we learned the latest labour market data. Specifically, job vacancies in October rose to 7.67 million, well above the 7.12 million estimated by the Bloomberg consensus, although there were nuances that detracted significantly from the overall figure. Lower hiring and increased layoffs suggest a somewhat weaker labour market. On the one hand, the number of layoffs in October…

Link Securities | According to various sources cited by the financial portal Barron’s, Black Friday sales in the US were higher than a year ago, both online and in stores. • Mastercard SpendingPulse indicated that retail sales in the US, excluding automobiles, increased by approximately 4.1% compared to Black Friday 2024. E-commerce sales increased by 10.4% over last year, while in-store sales increased by a modest 1.7%. • Adobe, meanwhile,…

Bankinter | Black Friday online sales increase by 9.1% to $11.8 billion, according to Adobe Analytics. – According to Mastercard, 10.4%. AI-induced sales 805%. Companies such as Walmart (Sparky) and Amazon (Rufus) have launched AI search tools this year that facilitate a faster and more guided product selection process. Salesforce estimates that AI has generated global online sales of $14.2 billion (£12.6 billion) ($3 billion in the US, 25% of…

Intermoney | Consumer confidence, as measured by the Empire State index, deteriorated significantly in November, falling to 88.7 points (from 95.5 previously). This figure was significantly below the consensus expectation of 93.3. Future expectations also took a clear step backwards to 63.2, while perceptions of the current situation fell 4.3 points to 126.9 points. Consumers’ perceptions of the current labour market were slightly weaker, and the labour market differential, the…

Norbolsa | On the eve of Thanksgiving and with data delayed due to the shutdown (today we will learn the retail sales figures for September), the market is looking at other consumer benchmarks. This Tuesday, it echoes the National Retail Federation’s sales estimate for the Christmas period (November-December), which expects spending to grow by between 3.7% and 4% this year, exceeding the billion-pound mark. For the period between Black Friday…

Norbolsa | On Thursday, the US employment report for September was published, providing more complex readings for predicting the Fed’s next steps. On the one hand, we had higher-than-expected job creation figures, with revisions for the previous three months also positive on balance. However, the unemployment rate rose to 4.4% from 4.3% due to increased participation. In addition to the mixed reading of the data, the delay in data due…

Bankinter | On Tuesday, the ADP published an average weekly job loss of 2,500 people in the four weeks ending 1 November. These figures suggest that the labour market lost some momentum at the end of October, although the pace of job losses moderated in early November. Bankinter analysis team’s view: Negative data reflecting a slowdown in the labour market, although slightly improved from 11,250 people (weekly average) in the…