CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Equity Roundup: Inside Range

US STOCKS
Stocks drifting around steady to marginally weaker levels Monday, near nd of narrow session range on quiet week opener. Generally quiet summer trade with many accts sidelined ahead this Fri's July employment report.
  • Currently, SPX eminis trade -12.25 points (-0.3%) at 4120.5; DJIA -11.91 (-0.04%) at 32828.85; Nasdaq -16.2 (-0.1%) at 12373.58. Stocks gained with rates earlier on data headwinds for rate hikes: Substantial fall was seen in the ISM prices paid index, which plunged 18.5 points to 60.0, the lowest since August 2020; June construction spending declined -1.1% vs. +0.1% est.
  • SPX technicals: Stocks reinforced bullish conditions and maintaining the current price sequence of higher highs and higher lows. Potential is for a climb towards 4204.75, the May 31 high. On the downside, initial trend support has been defined at 3913.25, the Jul 26 low. A break would highlight a possible early bearish reversal signal.
  • SPX leading/lagging sectors: Consumer Stales (+1.4%) lead by household and personal products, Consumer Discretionary (+0.80) as retailing outpaced autos (car sales reported through Tue' session). Laggers: Energy (-2.94%) as crude sells off (WTI-4.78 at 93.84), Financials (-0.92%), Materials (-0.89%).
  • Dow Industrials Leaders/Laggers: Boeing (BA) +10.52 at 169.83, Home Depot (HD) +5.90 at 306.84, Proctor and Gamble (PG) +4.45 at 143.36. Laggers: United Health (UNH) -6.13 at 536.21, Chevron (CVX) -3.96at 159.82, Caterpillar (CAT) -3.17 at 195.08 after making strong gains Friday.
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